Legion Investment Group Acquires Upper East Side Multifamily For $9.3M

The multifamily property located at 309 East 92nd Street in New York's Upper East Side has been sold for a price of $9,300,000. This fully gut renovated property spans a total of 8,600 square feet, with each square foot valued at $1,081. The property consists of 10 units, resulting in an average price per unit of $930,000. Additionally, the property has a capitalization rate of 5.4%.

Summary of transaction details

• Property Type: Multifamily (fully gut renovated FM)
• Transaction Amount: $9,300,000
• Square Footage: 8,600 sf
• Price per Square Foot: $1,081
• Number of Units: 10
• Price per Unit: $930,000
• Capitalization Rate: 5.4%

The seller of the property is FBE Limited, while the buyer is Legion Investment Group LLC, represented by Victor Sigoura.