Marin Management Corp Sells Upper East Side Multifamily Property For $16.3M With Marcus & Millichap

A multifamily property located at 421 East 80th St. and 324-326 East 74th St. in the Upper East Side of New York has recently been sold for a total price of $16,300,000. The property, comprising 59 units, has a per unit price of $276,271 and spans a total area of 23,206 square feet. The sale price per square foot stands at $702. The transaction took place on July 8, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,300,000
• Units: 59
• Price per Unit: $276,271
• Square Feet: 23,206
• Price per Square Foot: $702
• Address: 421 East 80th St. & 324-326 East 74th St., Upper East Side, New York
• Market: Upper East Side

The buyer of the property remains undisclosed, while the seller is Marin Management Corp. The deal was facilitated by Joe Koicim and Logan Markley, representatives from Marcus & Millichap.