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Upper East Side Multifamily Fetches $15M
Cushman & Wakefield arranged the sale of 240 E. 90th St, a 25-unit multifamily building on Manhattan’s Upper East Side. The final sale price was $14,900,000.
A Cushman & Wakefield team of Andrew Berry, Brett Weisblum and Charlie Gravina represented the seller, Alan Sackman of Sackman Enterprises. The buyer was Amir Shriki of AYA New York.
“240 E.90th St. was an excellent value-add opportunity for an investor to acquire a fully free-market building in the coveted Upper East Side neighborhood of Manhattan from long-term ownership,” said Berry. “We saw significant interest in this asset and received multiple offers from a wide range of investors. This was a great win for both the seller and purchaser.”
240 E. 90th is a seven-story residential asset with two studios, two one-bedroom, 19 two-bedroom and two three-bedroom units. Units feature large layouts and natural light with elevator and laundry access in the building.
- ◦Sale/Acquisition
