The 10-unit multifamily building located at 315 East 58th Street in New York City has been sold for a price of $3,700,000. The property spans 8,960 square feet, resulting in a price per square foot of $413. The sale was facilitated by brokers Will Conrad and Sanjana Reddy from Cushman & Wakefield. The seller, Per Von Scheele, can be pleased with the successful transaction of this 100% Rent Stabilized building. Additionally, the property presents tremendous future development potential with over 25,000 buildable square feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,700,000
• Units: 10
• Price per Unit: $370,000
• Square Footage: 8,960
• Price per Square Foot: $413
• Address: 315 East 58th Street
• Market: New York City

Cushman & Wakefield, represented by brokers Will Conrad and Sanjana Reddy, successfully facilitated the sale of this property. With their expertise, they ensured a smooth transaction for the buyer and seller. The potential for future development with over 25,000 buildable square feet adds further value to this property.