Cushman & Wakefield Brokers Sales of Two Multifamily Properties in Manhattan

NEW YORK CITY — Cushman & Wakefield has brokered the sales of two multifamily properties located in Manhattan. The assets sold for a combined total of $24 million, or $1,132 per square foot, in two all-cash transactions. In the first transaction, D&B Kearney LLC sold a four-story, 5,820-square-foot property at 413 E. 78th St. for $5.7 million. The property features 12 residential units, 10 of which are free market, two rent stabilized and one owner occupied. Brock Emmetsberger and Thomas Gammino Jr. of Cushman & Wakefield brokered the transaction. The name of the buyer was not released. In the second transaction, an undisclosed seller sold a six-story, 15,910-square-foot property located at 328 W. 19th St. in Manhattan’s Chelsea neighborhood to an undisclosed buyer for $18.5 million. The property consists of 24 residential units, of which 21 are free market and three are rent stabilized. The unit mix consists of 21 one-bedroom units, two studios and one two-bedroom apartment. Emmetsberger handled the transaction.