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Lower Manhattan building with 21 apartments sells for $8.25 million

Original: A Lower Manhattan building with 21 apartments sold for $8.25 million.

A Lower Manhattan building containing 21 apartments has been sold for $8.25 million, a deal translating to roughly $393,000 per unit. The sale adds to signs of continued activity in Manhattan's residential real estate market, where multifamily buildings remain sought after by investors despite broader uncertainty in the city's office and retail sectors.

Why now: Investors and locals track Manhattan multifamily sales as signals of the city's real estate recovery.

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• A Lower Manhattan building with 21 apartments sold for $8.25 million. · Stock Titan

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