Ofer Yardeni And Wraith Capital Group Purchase 133-Unit Multifamily At 60 East 12th Street For $82.5M

The property asset involved in the transaction is a 133-unit multifamily building located at 60 East 12th Street within the Union Square market. The sale price was $82,500,000, equating to a price per unit of $620,301.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $82,500,000
• Units: 133
• Price Per Unit: $620,301
• Buyer: Ofer Yardeni - Stonehenge Investment & Wraith Capital Group
• Seller: Alcion Ventures & Martin Nussbaum - Slate Property Group
• Market: Union Square

The transaction involved key representatives, with Ofer Yardeni representing both Stonehenge Investment and Wraith Capital Group, while Alcion Ventures and Martin Nussbaum represented Slate Property Group. This sale was approximately 23% below the property's previous purchase price of $107.5 million in 2019.