JLL Brokers $12.7M Sale Of 40-Unit Multifamily Building On Upper East Side

Located at 425 East 80th Street in the Upper East Side, this multifamily property was recently sold. The transaction took place on November 5, 2021, with a sale price of $12,700,000. The property consists of 40 units, with an average price per unit of $317,500. The total square footage is 23,568, equating to a price per square foot of $538. The property offers a cap rate of 4.3%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,700,000
• Units: 40
• Price per Unit: $317,500
• Square Footage: 23,568
• Price per Square Foot: $538
• Cap Rate: 4.3%
• Address: 425 East 80th Street
• Market: Upper East Side

The sale of this property was facilitated by the brokers Guthrie Garvin, Bob Knakal, Jonathan Hageman, Jack Norton, and Solomon Michailow from JLL. Their expertise played a significant role in successfully closing the deal.