RockSolid Ventures Acquires Multifamily Property In East Harlem For $5M

The property involved in this transaction is a multifamily building located at 347 East 105th Street in East Harlem. It spans a total area of 8,206 square feet and consists of 10 units. The sale price for this property was $5,000,000, resulting in a per unit price of $500,000. The price per square foot was calculated to be $609.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Units: 10
• Price per Unit: $500,000
• Square Footage: 8,206
• Price per Square Foot: $609
• Date: 06/27/2023
• Buyer: RockSolid Ventures - Mark Golberg, Adam Croman, Jake Croman & Jeremey Tahari
• Seller: Sean O'Sullivan
• Mortgage Broker: JBA Equities - Jonathan Aghravi

RockSolid Ventures, represented by Mark Golberg, Adam Croman, Jake Croman, and Jeremey Tahari, acted as the buyer in this transaction. The seller of the property was Sean O'Sullivan. JBA Equities, led by Jonathan Aghravi, served as the mortgage broker for this deal. It is worth noting that RockSolid Ventures is actively seeking multifamily properties primarily in Manhattan, but also in prime Brooklyn, with a budget of up to $50M. Their focus is on core-plus and value-add deals, aiming to build high cash-flowing assets for long-term holds. For any multifamily deals, interested parties can contact [email protected].