Jesse Deutch Of Two80Ventures Acquires Manhattan Multifamily Portfolio For $8.6M

The transaction involved a multifamily asset located at 600 West 187th Street & 66 Pinehurst Avenue in Manhattan. The sale price was $8,600,000, and the property consists of 45 units spread over a total square footage of 41,895. The price per unit is calculated at $191,111, while the price per square foot stands at $205.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,600,000
• Units: 45
• Price Per Unit: $191,111
• Square Footage: 41,895
• Price Per Square Foot: $205
• Buyer: Jesse Deutch - Two80Ventures
• Broker Representatives: Robert Shapiro, Ian Brooks, Nicholas Kontos & David Garcia - CBRE

CBRE facilitated the sale of the two-building rent-regulated multifamily portfolio. The brokerage team included Robert Shapiro, Ian Brooks, Nicholas Kontos, and David Garcia. Acknowledgments were extended to David Perkins Esq. as the buyer's counsel and Bryan McCrossen Esq. as the seller's counsel for their professionalism in completing the transaction.