Kuo Hsu Acquires Multifamily Property In Lenox Hill, Manhattan For $4.1M

A multifamily property located at 326 East 61st Street in Lenox Hill, Manhattan has been sold in a closed transaction. The property consists of 22 units with a purchase price of $4,100,000, equating to an average price per unit of $186,364. The total square footage of the property is 8,570, resulting in a price per square foot of $478.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,100,000
• Units: 22
• Price Per Unit: $186,364
• Square Footage: 8,570
• Price Per Square Foot: $478
• Address: 326 East 61st Street, Lenox Hill, Manhattan

The buyer of the property is Kuo Hsu, while the seller is Gerry Musano. The transaction was facilitated by broker Valon Nikci from Link NY Realty.

Note: The broker, Valon Nikci, mentions that they have access to a wide range of properties in NYC, Westchester County, and CT, including off-market, foreclosures, distressed properties, value add, and off-market properties. They operate as a boutique commercial and residential real estate firm.