Crest Realities Acquires Multifamily Property On Upper East Side For $8.1M

The multifamily property located at 424 East 75th Street in New York's Upper East Side was recently sold for a total price of $8,125,000. The property spans across 10,780 square feet, with each square foot priced at $754. It consists of 20 units, making it an attractive investment.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,125,000
• Square Footage: 10,780 sf
• Price per Square Foot: $754
• Number of Units: 20

Alan Ziess acted as the seller in this transaction, while Crest Realities, represented by Aaron Drazin and Bruno Caruso, emerged as the buyer. The deal was brokered by Marcus & Millichap, with Bruno Caruso, Joe Koicim, Peter Von Der Ahe, David Lloyd, and Danny Handweiler actively involved in facilitating the sale.