Fetner Properties Acquires Multifamily Building On Upper East Side For $63M

The multifamily property located at 501 East 74th Street in Upper East Side was sold for $63,000,000. The asset comprises 72 units with a price per unit of $875,000. The total square footage of the property is 74,000, equating to a price per square foot of $851.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $63,000,000
• Address: 501 East 74th Street
• Market: Upper East Side
• Seller: Sky Management
• Buyer: Fetner Properties
• Brokers: Daniel Kaplan, Doug Middleton, Justin Arzi & Jack Stillwagon - CBRE

The sale of the property was facilitated by brokers Doug Middleton, Jack Stillwagon, Daniel Kaplan, and Justin Arzi from CBRE, representing the buyer and seller in the transaction.