Xiaorong Zhai Acquires Multifamily Property From Isaac Abraham At 443 East 88th Street For $16.5M

This multi-family property is located at 443 East 88th Street in the Upper East Side market. The asset was sold for $16,500,000, features a total square footage of 18,744, and has a price per square foot of $880. It was fully occupied at the time of sale with strong in-place rents.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $16,500,000
• Address: 443 East 88th Street
• Market: Upper East Side
• Square Footage: 18,744
• Price Per Square Foot: $880
• Buyer: Xiaorong Zhai
• Seller: Isaac Abraham
• Broker Representatives: Joseph Koicim, Logan Markley & Mark Zarrella - Marcus & Millichap

The transaction saw a strong competition among buyers, which led to closing at a strong price with favorable terms. The brokers involved, Joseph Koicim and Logan Markley, have emphasized their capability to generate buyer interest in the properties they market.