Monarch Realty Holdings Sells East Harlem Multifamily Property For $3.4 Million With Newmark Brokers

The property asset involved in the transaction is a multifamily building located at 231 East 111th Street in East Harlem. The sale price of the asset was $3,400,000, which encompasses 12 units. The total square footage of the property is 9,751, resulting in a price per unit of $283,333 and a price per square foot of $348.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,400,000
• Units: 12
• Square Footage: 9,751
• Price Per Unit: $283,333
• Price Per Square Foot: $348
• Seller: Monarch Realty Holdings - Kevin Shahery
• Broker Representatives: Eric Roth, Maurice Suede, Tyler Signora, Harry James, Mike Kavanagh & Christine Felling - Newmark
• Sale Date: 02/24/2025

This transaction involved key individuals from Newmark representing the sellers, highlighting collaboration among brokers Eric Roth, Maurice Suede, Tyler Signora, Harry James, Mike Kavanagh, and Christine Felling in facilitating the deal for Monarch Realty Holdings under the leadership of Kevin Shahery.