Witnick Real Estate pays $4.8M for 15-unit rental in Flatiron

Witnick Real Estate Partners through the entity 116-118 E 31St Partners LLC paid Joseph Perna’s 116 E. 31st Street Realty Associates LLC $4.8 million for 118 East 31st Street and 116 East 31st Street in Flatiron. The deal closed on April 7, 2021 and was recorded on April 20, 2021. The transaction consists of 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 15 residential units. The properties have a total of 692 square feet of built space.
The sale price per unit is $316,667.

The contract date was August 5, 2020. The last time the property sold was March 10, 2005 for $3,325,000.
Direct link to Acris document. link
The signatory for the buyer was Isaac S. Abraham, of Witnick.