Marvin Azrak & Max Silverman Sell Self Storage Asset At 1587 3rd Avenue For $9.5M

The asset involved in this transaction is a self-storage property located at 1587 3rd Avenue in the Upper East Side market. The property spans approximately 15,750 square feet and was sold for a total price of $9,500,000, which results in a price per square foot of $603.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $9,500,000
• Square Footage: 15,750
• Price Per Square Foot: $603
• Address: 1587 3rd Avenue
• Market: Upper East Side
• Seller: Marvin Azrak & Max Silverman
• Broker Representatives: Brandon Polakoff, Noah Kossoff, Ryan McGuirl, Kyle Sabath & Fritz Richter - Avison Young

This transaction involved prominent sellers Marvin Azrak and Max Silverman, who facilitated the sale. The brokers representing the deal were a team from Avison Young, which included Brandon Polakoff, Noah Kossoff, Ryan McGuirl, Kyle Sabath, and Fritz Richter, highlighting the collaboration among experienced professionals in the real estate industry.