240 East 75th Street – $6,900,000

Lee Silpe and Julian Kiguel of Berko Associates closed on an Upper East Side multifamily property located at 240 East 75th Street. The asset is a 4-story building with eight regulated apartments as well as ground floor retail spanning across nearly 8,000 square feet. The deal closed for $6.9 million equating to $868 per square foot. The property presents the incoming buyer with stable income as well as great future upside in both the residential and retail components.