Two80 Real Estate Ventures Acquires Fort George Multifamily For $6M

A multifamily property located at 35 Thayer Street in the Fort George neighborhood of Manhattan has been sold in a recent transaction. The property consists of 53 units with a price per unit (PPU) of $113,208. The total square footage of the property is 34,040, resulting in a price per square foot (PPSF) of $176. The sale price for the property was $6,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Units: 53
• PPU: $113,208
• Total Square Footage: 34,040
• PPSF: $176

The buyers of this multifamily property are Jesse Deutch, Daniel Wechsler, and Michael DiFonzo from Two80 Real Estate Ventures. The transaction was facilitated by brokers Seth Glasser, Michael Fusco, Benny Katz, and Shaun Riney from Marcus & Millichap.