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JLL Brokers $12.7M Sale Of 40-Unit Multifamily Building On Upper East Side

425 East 80th Street
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This MultiFamily property located in NY was sold for $12,700,000 over 2 years ago. The brokers of the deal were Solomon Michailow, Jack Norton, Guthrie Garvin, Robert (Bob) Knakal, and Jonathan (Jon) Hageman

Located at 425 East 80th Street in the Upper East Side, this multifamily property was recently sold. The transaction took place on November 5, 2021, with a sale price of $12,700,000. The property consists of 40 units, with an average price per unit of $317,500. The total square footage is 23,568, equating to a price per square foot of $538. The property offers a cap rate of 4.3%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $12,700,000
  • Units: 40
  • Price per Unit: $317,500
  • Square Footage: 23,568
  • Price per Square Foot: $538
  • Cap Rate: 4.3%
  • Address: 425 East 80th Street
  • Market: Upper East Side

The sale of this property was facilitated by the brokers Guthrie Garvin, Bob Knakal, Jonathan Hageman, Jack Norton, and Solomon Michailow from JLL. Their expertise played a significant role in successfully closing the deal.

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Deals
  • Location
    425 East 80th Street, Manhattan, New York, NY, USA425 East 80th Street, Manhattan, New York, NY, USA
  • Sale Price
    $12,700,000$12,700,000
    $538 PPSF$538 PPSF
  • Area
    23,568 SF23,568 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Solomon Michailow

Solomon Michailow

Deals11
Financed$94.2M

Robert (Bob) Knakal

Robert (Bob) Knakal

Deals51
Sold$2.4B

Jonathan (Jon) Hageman

Jonathan (Jon) Hageman

Deals41
Financed$1.7B

Jack Norton

Jack Norton

Deals15
Sold$303.4M

Guthrie Garvin

Guthrie Garvin

Deals29
Sold$527.4M

Agencies

S2 Property Group

S2 Property Group

Agency
Deals11
Volume$159.6M

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

SALE IMAGE: Bob Knakal, Solomon Michailow, Guthrie Garvin, Jack Norton & Jonathan Hageman DATE: 11/05/2021 ADDRESS: 425 East 80th Street MARKET: Upper East Side ASSET TYPE: Multifamily BROKERS: Guthrie Garvin, Bob Knakal, Jonathan Hageman, Jack Norton & Solomon Michailow (@SolomonMichailow) - JLL SALE PRICE: $12,700,000 UNITS: 40 ~ PPU: $317,500 SF: 23,568 ~ PPSF: $538 CAP: 4.3%

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425 East 80th Street

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