Whoa Nelly LLC Acquires Multifamily In Upper East Side For $7.7M

The multifamily property located at 50 East 81st Street has been sold in a closed transaction on the Upper East Side market. The property is zoned as R8B and offers a total building square footage (BSF) of 8,172. With a sale price of $7,700,000, the price per BSF (PPBSF) is calculated at $942. The property spans across 6,844 square feet, resulting in a price per square foot (PPSF) of $1,125. The building is comprised of 9 units, with a price per unit (PPU) of $855,555.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $7,700,000
• BSF: 8,172
• PPBSF: $942
• SF: 6,844
• PPSF: $1,125
• Units: 9
• PPU: $855,555

Whoa Nelly LLC has acquired the property from GBF Realty in this transaction. Assisting in the deal was Lydia Rosengarten from the Leslie J. Garfield agency, serving as the broker for the buyer.

The property is situated on a lot with dimensions of 20 ft x 102.17 ft, offering a total lot size of 2,043 square feet. The property's floor area ratio (FAR) stands at 3.35, and it falls under tax class 2B. In terms of permits, there was an alteration type 3 permit issued on April 25, 2014.