New York University Acquires Kips Bay Multifamily From Verbena Road Holdings For $210M

A multifamily property located at 377 East 33rd Street in Kips Bay, Manhattan, has been sold for a total price of $210,000,000. This property consists of 209 units and has a price per unit (PPU) of $1,004,785. The total square footage of the property is 213,549, with a price per square foot (PPSF) of $983.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $210,000,000
• Address: 377 East 33rd Street, Kips Bay, Manhattan
• Buyer: Vicki March Suna & Linda G. Mills - New York University
• Seller: Dennis Wong - Verbena Road Holdings
• Brokers: Gary Phillips, Daniel Parker & William Silverman - Eastdil Secured
• Units: 209
• Price per Unit (PPU): $1,004,785
• Square Footage (SF): 213,549
• Price per Square Foot (PPSF): $983

New York University represented by Vicki March Suna & Linda G. Mills has acquired the multifamily property located at 377 East 33rd Street in Kips Bay, Manhattan. The seller, Verbena Road Holdings represented by Dennis Wong, has successfully closed the deal with the assistance of brokers Gary Phillips, Daniel Parker, and William Silverman from Eastdil Secured.