Fukuoka Rd Co Ltd Acquires Multifamily Property At 161-163 East 89th Street For $22.8M

The asset involved in this transaction is a multifamily property located at 161-163 East 89th Street in the Upper East Side market. The property was sold for a total of $22,800,000, encompassing a square footage of 19,700 square feet, resulting in a price per square foot of $1,157.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,800,000
• Address: 161-163 East 89th Street
• Market: Upper East Side
• Square Footage: 19,700
• Price Per Square Foot: $1,157
• Buyer: Fukuoka Rd Co Ltd
• Seller: Alex Rabin & David Gomez - PEAK Capital
• Broker: John Florek - Fairview Property Group

Key individuals in the transaction include Alex Rabin and David Gomez, representing PEAK Capital as the sellers. The buyer, Fukuoka Rd Co Ltd, acquired the multifamily asset with the assistance of broker John Florek from Fairview Property Group, facilitating the successful transaction.