Asaf Dror Acquires Multifamily Property At 324 West 87th Street In Upper West Side For $2.69M

The multifamily property located at 324 West 87th Street on the Upper West Side has been sold for a total of $2,690,000. The transaction took place on July 30, 2021. The property consists of 8 units, with a price per unit of $336,250. It spans a total of 5,040 square feet, with a price per square foot of $533. The seller was Howard Greenberg, while the buyer was Asaf Dror. The seller's representatives were Eric Roth, Tyler Signora, and Harry James from Team Shapiro Building Sales and CushWake.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,690,000
• Address: 324 West 87th Street
• Market: Upper West Side
• Units: 8
• Price per Unit: $336,250
• Square Footage: 5,040
• Price per Square Foot: $533

It is worth noting that the property was delivered mostly vacant and was subject to an affordable program that required 35% of the building to be rented at affordable rates.