SOLD
Sfikas Family Acquires Multifamily Property In Yorkville For $11.3M
525 East 88th Street
MultiFamily
215,000 SF
215,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
215,000 sqft
The multifamily property located at 525 East 88th Street in Yorkville has been sold for a price of $11,348,000. The property spans 21,500 square feet, resulting in a price per square foot of $528. The capitalization rate for this transaction stands at 4.3%. The seller of the property was Michael Adler, while the buyer was the Sfikas Family. The deal was facilitated by brokers Amit Doshi, Shallini Mehra, and Jonathan Shainberg.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $11,348,000
- SF: 21,500
- PPSF: $528
- CAP: 4.3%
- Seller: Michael Adler
- Buyer: Sfikas Family
- Brokers: Amit Doshi, Shallini Mehra & Jonathan Shainberg
The property, located just half a block from Gracie Mansion, offers a desirable location in Yorkville.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Amit Doshi, Jonathan Shainberg, Shallini Mehra
DATE: 11/22/2019
ADDRESS: 525 East 88th Street
MARKET: Yorkville
ASSET TYPE: Multifamily
SALE PRICE: $11,348,000
SF: 21,500
PPSF: $528
CAP: 4.3%
SELLER: Michael Adler
BUYER: Sfikas Family
BROKERS: Amit Doshi, Shallini Mehra & Jonathan Shainberg (@teamdoshi)
NOTE: 75% RS & 25% FM. Half a block from Gracie Mansion. […]View on map
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Address525 East 88th Street
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