Sean Levin Sells Multifamily Development Site At 316 And 318 East 77th Street For $9.4M

The transaction involves a multifamily/development site located at 316 East 77th Street & 318 East 77th Street in the Upper East Side. The sale price was $9,400,000 for 15 units, resulting in a price per unit of $627,000. The total building square footage is 19,000, which translates to a price per building square foot of $494.

Summary of transaction details:

• Property Type: Multifamily/Development Site
• Transaction Amount: $9,400,000
• Units: 15
• Price Per Unit: $627,000
• Total Building Square Footage: 19,000
• Price Per Building Square Foot: $494
• Seller: Sean Levin
• Seller's Representative: Shay Zach - GAIA Property Group

Shay Zach from GAIA Property Group represented the seller in this transaction. The note from the seller's representative indicates that there are three aggressive developers actively seeking Manhattan sites priced between $10 million to $40 million in desirable condo areas. Interested parties can reach out to Shay via email or phone for submission.