Chariff handles sale of multi-family building in Design District for $3.5 million

December 04, 2012 10:30AM

vipoceanrealty

4100 NE 1 Street

A 2,362-square-foot multi-family building in the Design District has been sold for $3.5 million, The Real Deal has learned. The property, which is located at 4100 NE 1 Street, sold for an average of $1,482 per square foot in an unlisted transaction. The buyer was Uptown Girl Development, which has reportedly acquired a demolition permit and plans to redevelop the site. The property last sold in 2006 for $350,000. Chariff Realty Group’s Lyle Chariff and Mauricio Zapata represented the buyer. Alexander Karakhanian represented the seller.