Investment Property Realty Group Acquires Multifamily Property In New York City For $4.6M

The multifamily property located at 442 3rd Street in New York City has been sold in a closed transaction. The property consists of 4 units with a total square footage of 5,350. The sale price for this asset was $4,600,000, resulting in a price per unit of $1,150,000 and a price per square foot of $860. The property was sold by Investment Property Realty Group (IPRG) represented by brokers Luke Sproviero, Derek Bestreich, Adam Lobel, and Toby Waring. It is worth noting that the property was delivered vacant.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,600,000
• Units: 4
• Price per Unit: $1,150,000
• Square Footage: 5,350
• Price per Square Foot: $860
• Address: 442 3rd Street, New York City
• Market: New York City

The deal was facilitated by Luke Sproviero, Derek Bestreich, Adam Lobel, and Toby Waring from Investment Property Realty Group. Their expertise and representation played a crucial role in the successful sale of the property. Their dedication to delivering vacant units ensured a smooth and hassle-free transaction for both the buyer and the seller.