Robert White Acquires Multifamily Property In Upper West Side For $18.65M

Located in the prestigious Upper West Side market, the multifamily property at 308 W 82nd Street has witnessed a successful transaction. Larry Fabian, the seller, closed the deal with Robert White, the buyer. The property spans across 25,000 square feet and consists of 49 units, with each unit being sold at an impressive price per unit (PPU) of $380,612. The total sale price amounted to $18,650,000, slightly below the initial asking price of $20,000,000. This translates to a price per square foot (PPSF) of $746.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $18,650,000
• Address: 308 W 82nd Street
• Market: Upper West Side
• Total Square Feet: 25,000
• Price per Square Foot (PPSF): $746
• Number of Units: 49
• Price per Unit (PPU): $380,612

The transaction involved the expertise of several brokers, including Chris Varjan, Vickram Jambu, George Steffani, and Jonathan Braun. These professionals played a crucial role in facilitating the smooth negotiation process between Larry Fabian and Robert White.