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Cushman & Wakefield Brokers $16.5M Sale of Multifamily Asset in Manhattan

NEW YORK CITY — Cushman & Wakefield has arranged the sale of two contiguous multifamily buildings located at 341-343 E. 65th St. in Manhattan’s Upper East Side. Guthrie Garvin and Michael Gembecki of Cushman & Wakefield arranged the transaction, which was valued at $16.5 million, or $803 per square foot. The five-story, walk-up buildings total approximately 20,540 square feet and feature 40 one-bedroom apartments, of which 37 are rent stabilized and the remaining are rent-controlled.

Content Partners
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