Kushner Companies Sells Multifamily Property At 99 East 7th Street For $3.6M

The property asset involved in this transaction is a multifamily building located at 99 East 7th Street in the East Village. The sale price is $3,600,000, encompassing 17 units with a price per unit of $211,764. The total square footage of the property is 9,820, resulting in a price per square foot of $366.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Units: 17
• Price Per Unit: $211,764
• Square Footage: 9,820
• Price Per Square Foot: $366
• Seller: Kushner Companies
• Broker Representatives: Joseph Koicim, Matt Berger, and Logan Markley - Marcus & Millichap
• Market: East Village
• Date of Sale: 11/15/2024

The transaction involved the New York Multifamily group, which has successfully executed the sale of 24 buildings, totaling over $190,000,000 in sales within the last 18 months. They are currently engaged in selling several similar opportunities throughout New York City, with pricing ranging from $5M to $100M. Joe Koicim can be contacted for further discussions or complimentary analysis.