Cushman & Wakefield Brokers Sale of Two Multifamily Properties in Manhattan

NEW YORK CITY — Cushman & Wakefield has arranged the sale of two multifamily buildings located at 234 E. 95th St. and 446 E. 88th St. in Manhattan’s Upper East Side. A local investor acquired the properties, which total 40 apartment units. The property located at 234 E. 95th St. features 20 one-bedroom units and sold for nearly $670 per square foot. The 8,200-square-foot building also features additional 7,508 square feet of air rights. The 9,000-square-foot property, located at 446 E. 88th St., features 20 one-bedroom, rent-stabilized units and 1,988 square feet of additional air rights. The property sold for $760 per square foot. Guthrie Garvin, Thomas Gammino and Michael Gembecki of Cushman & Wakefield. The buyer, a local investor, was self-represented in the transaction.