SOLD
Peculic Family Sells 24-Unit Rent Stabilized MultiFamily In New York City For $3.9M
32-78 Steinway Street
MultiFamily
13,200 SF
13,200 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
13,200 sqft
The Peculic Family has successfully sold a 24-unit rent stabilized building located at 32-78 Steinway Street in New York City. The multi-family property was sold for a price of $3,900,000, resulting in a per unit price of $162,500. The property spans over 13,200 square feet, equating to a price per square foot of $295. This transaction was facilitated by Marc Richter from Commerce Realty Group.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,900,000
- Address: 32-78 Steinway Street, New York City
- Number of Units: 24
- Per Unit Price: $162,500
- Square Footage: 13,200
- Price per Square Foot: $295
Marc Richter, representing Commerce Realty Group, played a pivotal role in the successful sale of this property. The transaction achieved a 6.5% CAP rate, marking an exciting new beginning for Commerce Realty Group. For further collaboration opportunities, interested parties can reach out to Commerce Realty Group.
Players
All
1
Agents
1
Details
SOLD
IMAGE: Marc Richter
DATE: 02/23/2023
ADDRESS: 32-78 Steinway Street
MARKET: New York City
ASSET TYPE: MultiFamily
SELLER: Peculic Family
BROKER: Marc Richter - Commerce Realty Group (@CommerceRealtyGroup)
SALE PRICE: $3,900,000
UNITS: 24 ~ PPU: $162,500
SF: 13,200 ~ PPSF: $295
NOTE FROM @CommerceRealtyGroup: Marc Richter of Commerce Realty Group is proud to announce the successful sale of this 24 unit rent stabilized building at a 6.5% CAP. This is just the first step of exciting new beginnings at Commerce Realty Group, reach out to see how you can collaborate with us as we begin our new journey!View on map
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Address32-78 Steinway Street
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