Clover Realty Sells Multifamily Property In Manhattan For $18 Million With Newmark Representation

The multifamily asset located at 336-338 West 11th Street & 218-226 West 17th Street in Manhattan has been sold for $18,000,000. This property features 122 units, with a price per unit of $147,540. The total square footage of the asset is 52,890, resulting in a price per square foot of $340.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Units: 122
• Price Per Unit: $147,540
• Square Footage: 52,890
• Price Per Square Foot: $340
• Seller: Clover Realty
• Seller's Representative: Eric Roth, Brett Siegel, Tyler Signora, Maurice Suede, Harry James, Mike Kavanagh & Christine Felling - Newmark

The transaction involved notable individuals from Newmark, with Eric Roth, Brett Siegel, Tyler Signora, Maurice Suede, Harry James, Mike Kavanagh, and Christine Felling representing Clover Realty in the sale. Their involvement highlights the collaborative effort in facilitating this multifamily property's transaction.