SW Management Acquires Multifamily Property On Upper East Side For $12.2M

The multifamily property located at 432 & 434 East 89th Street in the Upper East Side was recently sold for a price of $12,200,000. The property spans across 18,180 square feet, resulting in a price per square foot of $671. It consists of 41 units, with an average price per unit of $297,561.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,200,000
• Address: 432 & 434 East 89th Street
• Market: Upper East Side
• Size: 18,180 square feet
• Price per Square Foot: $671
• Number of Units: 41
• Price per Unit: $297,561

The seller of the property was H S Realty Associate Inc, represented by Mark Johnson. The buyer was SW Management, represented by Alan Wasserman. The broker involved in the transaction was Alan Stenson from Brax Realty NYC.