New York, NY – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of 240 East 90th Street, a 25-unit multifamily building located in the Upper East Side neighborhood of Manhattan. 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 asset was acquired by Amir Shriki of AYA New York.
“240 East 90th Street 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 East 90th Street is a seven-story residential asset consisting of 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.
Located in the heart of the Upper East Side, the property is less than a mile away from Central Park and the Metropolitan Museum of Art. The asset is strategically situated within walking distance of an array of restaurants, retail options and entertainment.
240 East 90th Street is located within a few blocks of multiple transportation options, including the 4, 5, 6 and Q subway lines. Additionally, the property is in proximity to FDR Drive, providing easy access to the entire tri-state area.
Photos of the asset can be downloaded here.