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.