Avison Young Brokers Facilitate $5,325,000 Multifamily Sale In Lower East Side, Manhattan

The multifamily property located at 3-5 Essex Street in Lower East Side, Manhattan, was sold for $5,325,000. The building spans 4,362 square feet, equating to a price per square foot of $1,221.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,325,000
• Address: 3-5 Essex Street
• Market: Lower East Side, Manhattan
• Buyer's Rep: Jared Minc - Building Equity Management
• Seller's Rep: Brandon Polakoff, Ryan McGuirl & Kyle Sabath - Avison Young
• SF: 4,362
• PPSF: $1,221

The sale of the property was facilitated by Jared Minc from Building Equity Management representing the buyer, while Brandon Polakoff, Ryan McGuirl, and Kyle Sabath from Avison Young acted as the seller's representatives, overseeing the transaction in Lower East Side, Manhattan on March 20, 2024.