East Coast Management Sells Multifamily Asset At 125 Seaman Avenue For $6.5 Million

The property asset involved in this transaction is a multifamily building located at 125 Seaman Avenue in the Inwood market. The sale price is $6,500,000, encompassing a total of 48 units. The building has a square footage of 41,108, and the price per unit is $135,416, with a price per square foot of $158.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $6,500,000
• Units: 48
• Square Footage: 41,108
• Price per Unit: $135,416
• Price per Square Foot: $158
• Seller: East Coast Management
• Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group
• Lenders: John Ibarra & Aaron Kamali – JPMorgan Chase

The transaction involved key individuals from Rosewood Realty Group, specifically brokers Aaron Jungreis, Ben Khakshoor, and Alex Fuchs, who represented the seller, East Coast Management. The financing was facilitated by John Ibarra and Aaron Kamali from JPMorgan Chase.