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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
- ◦Sale/Acquisition

