Chestnut Holdings Acquires Yorkville Multifamily For $12.25M With Buyer's Rep Jonathan Weiner And Seller's Rep Herman Katzenell

The multifamily properties located at 520 E. 83rd St., 449 E. 84th St., and 424-426 E. 85th St. in Yorkville have been sold in a closed transaction. The buyer, Chestnut Holdings represented by Jonathan Weiner, acquired the properties from seller Herman Katzenell. The sale was facilitated by brokers Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Nate Pilchik from ARG_NYC. The transaction took place on October 20, 2020, for a total sale price of $12,250,000. The combined square footage of the properties is 34,165, resulting in a price per square foot of $358.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $12,250,000
• Market: Yorkville
• Buyer: Chestnut Holdings - Jonathan Weiner
• Seller: Herman Katzenell
• Brokers: Shlomo Antebi, Yosef Katz, Erik Yankelovich, Nate Pilchik @ARG_NYC
• Square Footage: 34,165
• Price per Square Foot: $358

Jonathan Weiner, representing Chestnut Holdings, successfully completed the purchase of the multifamily properties located in Yorkville. The seller, Herman Katzenell, entrusted the transaction to brokers Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Nate Pilchik from ARG_NYC. The deal was closed on October 20, 2020, for a sale price of $12,250,000. The properties offer a total of 34,165 square feet of space, resulting in a price per square foot of $358.