The property asset involved in this transaction is a multifamily building located at 317 East 5th Street in the East Village market of Manhattan. The sale price for this asset was $8,100,000, which comprises 18 units with a price per unit of $450,000. The total square footage of the property is 8,100, resulting in a price per square foot of $1,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,100,000
• Units: 18
• Price Per Unit: $450,000
• Square Footage: 8,100
• Price Per Square Foot: $1,000
• Buyer: Joe Ngo
• Seller: Penn South Capital
• Broker: Michael Sherman - Baseline Real Estate Advisors

This transaction involved key individuals including the buyer, Joe Ngo, and the seller, Penn South Capital, facilitated by broker Michael Sherman representing Baseline Real Estate Advisors. The collaborative effort between these parties led to the successful closing of the sale on April 10, 2025.