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Hersel Torkian Acquires 20-Unit Multifamily Property On Upper East Side For $5M

242 East 83rd Street
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This MultiFamily property located in NY was sold for $5,000,000 almost 4 years ago. The broker of the deal was Ronald "Ron" Solarz

A multifamily property located at 242 E. 83rd St. in the Upper East Side of Manhattan has been sold for $5,000,000. The property spans 9,815 square feet, resulting in a price per square foot of $509. It consists of 20 units, with a price per unit of $250,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Square Footage: 9,815
  • Price per Square Foot: $509
  • Number of Units: 20
  • Price per Unit: $250,000

The seller of the property was Milton Taube, while the buyer was Hersel Torkian. Ron Solarz and Jonny Yuran, representing NewmarkKF, acted as the brokers in this transaction.

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Deals
  • Location
    242 E 83rd St, New York, NY 10028, USA242 E 83rd St, New York, NY 10028, USA
  • Sale Price
    $5,000,000$5,000,000
    $509 PPSF$509 PPSF
  • Area
    9,815 SF9,815 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Ronald "Ron" Solarz

Ronald "Ron" Solarz

Deals8
Financed$55.2M

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Deal Summary

SALE IMAGE: @JonnyYuran & Ron Solarz DATE: 06/25/2020 ADDRESS: 242 E. 83rd St. MARKET: Upper East Side, Manhattan ASSET TYPE: Multifamily SALE PRICE: $5,000,000 SF: 9,815 PPSF: $509 UNITS: 20 PPU: $250,000 SELLER: Milton Taube BUYER: Hersel Torkian BROKERS: Ron Solarz & Jonny Yuran @NewmarkKF

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242 East 83rd Street

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