Skyline Management Acquires Multifamily Property In East Harlem For $7.55M

Located in East Harlem, the multifamily property at 318, 320, 322, and 324 E. 126th St. has been sold in a recent transaction. The property consists of 68 units and spans a total area of 35,000 square feet. The sale price for this asset was $7,550,000, resulting in a price per unit of $111,029 and a price per square foot of $215.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,550,000
• Units: 68
• Price per Unit: $111,029
• Square Footage: 35,000
• Price per Square Foot: $215
• Market: East Harlem

Skyline Management, represented by their broker, was the buyer in this transaction, while Sharp Management represented the seller. This deal underscores the ongoing investment activity in East Harlem's real estate market.