JAM Real Estate Partners Acquires Multifamily Property On Upper East Side For $5M

The property involved in this transaction is a multifamily asset located at 427 East 80th Street in the Upper East Side of New York. The property consists of 20 units with a total square footage of 9,925. The sale price for this transaction was $5,000,000, resulting in a price per unit of $250,000 and a price per square foot of $504.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Address: 427 East 80th Street
• Market: Upper East Side

JAM Real Estate Partners, represented by Jared Pinchasick, acted as the buyer in this transaction. The seller was Larry Goldstein. The broker involved in facilitating this deal was Bob Knakal from JLL.