SOLD
Jared Pinchasick & Amir Shriki Acquire Multifamily Portfolio In Upper East Side For $19M
324, 326, 327 & 328 East 89th Street
MultiFamily
34,760 SF
34,760 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
34,760 sqft
Nathan Horne, Ehab Elshinawy, Jared Pinchasick, Geoffrey Pantone, Amir Shriki, Hall Oster, Teddy Galligan, and Braedon Gait were involved in the sale of multiple properties on the Upper East Side. The properties, located at 324, 326, 327, and 328 E. 89th Street, comprise a multifamily asset with 40 units. The sale was facilitated by Nathan Horne and Geoffrey Pantone of Compass representing the Estate of Mary Schulz, while Jared Pinchasick of JAM RE Partners and Amir Shriki of AYA New York acted as the buyers. Hall Oster from JLL provided representation for the buyers.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,000,000
- Units: 40
- Price Per Unit: $475,000
- Square Footage: 34,760
- Price Per Square Foot: $546
- Market: Upper East Side
The portfolio consisting of 40 units at 324, 326, 327, and 328 E. 89th Street in the Upper East Side has both existing income and significant value-add potential. Nathan Horne and Geoffrey Pantone of Compass presented numerous pre-market and on-market offers before finalizing the deal with experienced investors, Jared Pinchasick of JAM RE Partners and Amir Shriki of AYA New York. The transaction was facilitated by Hall Oster and his team from JLL, who provided excellent representation for the buyers. The successful closing of the deal resulted in a satisfied seller and buyer.
For more information about similar opportunities, off-market listings, and real estate investment advice, interested parties can contact Nathan Horne at [email protected] or 706-255-5657, or Hall Oster at [email protected] or 443-695-0345.
Players
All
5
Agents
3
Agencies
2
Details
SOLD
IMAGE: Nathan Horne, Ehab Elshinawy, Jared Pinchasick, Geoffrey Pantone, Amir Shriki, Hall Oster, Teddy Galligan & Braedon Gait
DATE: 01/14/2022
ADDRESS: 324, 326, 327 & 328 E. 89th Street
MARKET: Upper East Side
ASSET TYPE: Multifamily
BUYER: Jared Pinchasick (@JPinchasick) & Amir Shriki (@amirshrikii)
SELLER: Estate of Mary Schulz
BUYER’S REP: Hall Oster - JLL (@JLL)
SELLER’S REP: Nathan Horne (@Horne.Team) & Geoffrey Pantone (@GeoffreyPantone) (@thelitvakteam) - Compass (@Compassny)
SALE PRICE: $19,000,000
UNITS: 40 ~ PPU: $475,000
SF: 34,760 ~ PPSF: $546
NOTE FROM @horne.team: We are happy to announce the closing of 324, 326, 327, & 328 E. 89th Street in the UES. This beautiful portfolio, with both existing income & significant value-add potential, is composed of 40 units. Nathan Horne (@horne.team) & Geoffrey Pantone (@geoffreypantone) of Compass represented the generational family owners & solicited dozens of pre-market & on-market offers, before moving forward with experienced investors Jared Pinchasick (@jpinchasick) of JAM RE Partners & Amir Shriki (@amirshrikii) of AYA New York. The buyers had excellent representation by Hall Oster & his team (@T_galligan12, @braedongait) of JLL.It took a lot of late night calls & detective work, but the end result was what we always want -- a happy seller & a happy buyer.
For similar opportunities & off-market listings, or to ask any RE investment questions you have, feel free to reach out to Nathan at [email protected]/706-255-5657 or Hall at [email protected]/443-695-0345.View on map
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Address324, 326, 327 & 328 East 89th Street
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