Jared Pinchasick & Amir Shriki Acquire Multifamily Portfolio In Upper East Side For $19M

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 nathan.horne@compass.com or 706-255-5657, or Hall Oster at hall.oster@am.jll.com or 443-695-0345.