Caiola family’s Bettina Equities pays $5.2M to Mitchel Maidman’s Townhouse Management for multifamily property in Yorkville

The Caiola family’s Bettina Equities through the entity 992 Sa/336E82 LLC paid Mitchel Maidman’s Townhouse Management Company’s 336 East 82nd LLC $5.2 million for 336 East 82nd Street in Yorkville. The deal closed on October 31, 2019, and was recorded on November 20, 2019. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 17 residential units. The property is 7,986 square feet. The parcel(s) have total development potential of 10,208 square feet.
The sale price per unit is $305,882.
The estimated cap rate is 3.0%
The last time the property sold was November 3, 2004, for $2,700,000.

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