Crest Realties Acquires Multi Family Property On Upper East Side For $7.5M

The property involved in this transaction is located at 313 East 61st Street in the Upper East Side of Manhattan, New York. The property is a multi-family asset with a total square footage of 10,500. The transaction was closed at a price of $7,500,000, resulting in a price per square foot of $714.

Summary of transaction details:

• Property Type: Multi-family
• Transaction Amount: $7,500,000
• Address: 313 East 61st Street, New York
• Market: Upper East Side, Manhattan

The seller of the property was Alan Ziess, while the buyer was Crest Realties. The deal was facilitated by brokers from Marcus and Millichap, namely Peter Von Der Ahe, Danny Handweiler, and Jared Bernstein. They represented their respective clients throughout the transaction process.