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

Free-Market Yorkville Apartments Go for $660K Per Unit

Marcus & Millichap finalized the sale of 443 E. 88th St., a 25-unit apartment building in Manhattan’s Yorkville neighborhood. The property sold for $16.5 million, or $660,000 per unit. 

“This property was highly sought after given its 100% free-market status, further demonstrating the consistent demand and premium buyers will pay to ensure flexibility with scale,” said Joe Koicim of the NYM Group of Marcus & Millichap in the firm’s New York City office. 

Koicim and Marcus & Millichap’s Logan Markley represented the seller. Koicim, Markley and Marcus & Millichap’s Mark Zarrella procured the buyer, Jade Century Properties. 

The six-story building has 40 feet of frontage on East 88th Street and contains 25 large residential apartments. The building is 100% free market and has been renovated with white oak flooring, custom kitchen millwork, stainless-steel appliances and in-unit washer/dryers. The property is located near Central Park, the Metropolitan Museum of Art, Lenox Hill Hospital and the 86th Street subway station.

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Marcus & Millichap's Koicim

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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