The Ventura Family Acquires Multifamily Property In New York For $7.75M

The multifamily property located at 315-317 E. 89th Street in New York has been sold for a total price of $7,750,000. This transaction marks the first sale of the property since 1953. The property consists of 22 units, with a price per unit (PPU) of $352,272. The total square footage of the property is 16,440, with a price per square foot (PPSF) of $471.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,750,000
• Units: 22
• PPU: $352,272
• Total Square Footage: 16,440
• PPSF: $471
• Address: 315-317 E. 89th Street, New York
• Market: New York

The buyer of the property is the Ventura Family, while the seller is John Curreri. Lena Rivera from Link NY Realty represented both parties as the broker in this transaction.