Marcus & Millichap Sells 715 Riverside Drive Multifamily Asset In Hamilton Heights For $8.65M

The property asset involved in this transaction is a multifamily building located at 715 Riverside Drive in the Hamilton Heights market. This asset comprises 49 units and has a total square footage of 65,050. The sale price of the property was $8,650,000, resulting in a price per unit of $176,530 and a price per square foot of $132.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,650,000
• Units: 49
• Square Footage: 65,050
• Price Per Unit: $176,530
• Price Per Square Foot: $132

The individuals involved in this deal include brokers Seth Glasser, Michael Fusco, and Benny Katz, representing Marcus & Millichap in the sale transaction. They played a critical role in the negotiation and execution of this multifamily property deal.