Monarch Realty Holdings Acquires Multifamily Property In Manhattan For $8.9M

The multifamily property located at 427 E 80th Street in Manhattan was recently sold in a closed transaction. The property spans 9,300 square feet and was sold for a total price of $8,937,500, resulting in a price per square foot of $961.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,937,500
• Address: 427 E 80th Street
• Market: Manhattan

The buyer of the property was Monarch Realty Holdings, while JAM Real Estate Partners, represented by Jared Pinchasick, acted as the seller. The deal was facilitated by brokers Eric Karmitz, Alex Marolda, and James Nelson from Avison Young.