Stagg Group Acquires Multifamily Property In New York City For $18M

The multifamily property located at 435 West 238th Street in New York City has been sold for a total price of $18,000,000. This property consists of 95 units, with an average price per unit of $189,474. The total square footage of the property is 88,806, resulting in an average price per square foot of $203.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Units: 95
• Price Per Unit: $189,474
• Square Footage: 88,806
• Price Per Square Foot: $203
• Address: 435 West 238th Street, New York City

The buyer of the property is the Stagg Group, represented by Mark Stagg. The deal was facilitated by brokers Giancarlo Cugini, Karl Brumback, Robert Knakal, and Jonathan Hageman from JLL.