Torkian Group pays $5M to Milton Taube for multifamily property in Yorkville

Torkian Group through the entity 242 East 83 LLC paid Milton Taube’s 242 Realty Equities, LLC $5.0 million for 242 East 83rd Street in Yorkville. The deal closed on June 25, 2020, and was recorded on July 8, 2020. The transaction consists of 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 20 residential units. The property is 9,815 square feet. The parcel(s) have total development potential of 10,612 square feet.
The sale price per unit is $250,000.

The contract date was February 20, 2020. Hersel Torkian was the signatory for the buyer. The property last sold in April 1997.

Direct link to Acris document. link
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