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Crest Realities Acquires Multifamily Property On Upper East Side For $8.1M

424 East 75th Street
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This MultiFamily property located in NY was sold for $8,125,000 almost 6 years ago. The brokers of the deal were Peter Von Der Ahe, Joseph (Joe) Koicim, David Lloyd, and Daniel (Danny) Handweiler

The multifamily property located at 424 East 75th Street in New York's Upper East Side was recently sold for a total price of $8,125,000. The property spans across 10,780 square feet, with each square foot priced at $754. It consists of 20 units, making it an attractive investment.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,125,000
  • Square Footage: 10,780 sf
  • Price per Square Foot: $754
  • Number of Units: 20

Alan Ziess acted as the seller in this transaction, while Crest Realities, represented by Aaron Drazin and Bruno Caruso, emerged as the buyer. The deal was brokered by Marcus & Millichap, with Bruno Caruso, Joe Koicim, Peter Von Der Ahe, David Lloyd, and Danny Handweiler actively involved in facilitating the sale.

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Deals
  • Location
    424 E 75th St, New York, NY 10021, USA424 E 75th St, New York, NY 10021, USA
  • Sale Price
    $8,125,000$8,125,000
    $68 PPSF$68 PPSF
  • Area
    118,580 SF118,580 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Joseph (Joe) Koicim

Joseph (Joe) Koicim

Deals122
Financed$2B

David Lloyd

David Lloyd

Deals13
Financed$155.2M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Raven Property Advisors

Raven Property Advisors

Agency
Deals48
Volume$455.5M

Deal Summary

IMAGE: Bruno Caruso, Joe Koicim,Peter Von Der Ahe, David Lloyd and Danny Handweiler DATE: 04/30/2018 ADDRESS: 424 East 75th Street CITY: New York MARKET: Upper East Side ASSET TYPE: Multifamily PRICE: $8,125,000 SF: 10,780 sf PPSF: $754 UNITS: 20 SELLER: Alan Ziess BUYER: Crest Realities – Aaron Drazin and Bruno Caruso BROKER: Marcus & Millichap […]

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424 East 75th Street

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