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New York & Tri-State  + Uptown/Bronx  + Apartments  | 

Cash-flowing Yorkville Multifamily Fetches $9.3M

A Cushman & Wakefield team has arranged the sale of a five-story apartment building at 309 E 92nd St. to the Legion Investment Group. The property in Manhattan’s Yorkville neighborhood traded for $9.3 million.

Cushman & Wakefield’s Robert M. Shapiro, Brendan Maddigan, Thomas Gammino, Ethan Stanton, Brett Weisblum and Ian Brooks represented the seller, 309 East 92, LLC. “We experienced a huge amount of interest in this very clean, fully renovated 10-unit brick Upper East Side building; primarily because the cash flow is terrific,” said Maddigan.

Weisblum added, “The buyer gained a low-maintenance and high-grossing asset in an area that is flourishing from the expansion of the 2nd Avenue Subway. It was a great deal for both buyer and seller.”

Completely renovated in 2015, the property features a newly-constructed roof deck post-renovation.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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