Gelt Inc. Acquires Multifamily Property In Studio City For $76M

4041-4121 Radford Avenue in Studio City has been sold in a recent transaction. This multifamily property spans across 1.26 acres, offering a lucrative investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $76,000,000
• Address: 4041-4121 Radford Avenue, Studio City
• Buyer: Gelt Inc. - Keith Wasserman, Josh Satin & Jeff Harris
• Seller: AvalonBay Communities Inc.
• Broker: Institutional Property Advisors - Marcus & Millichap
• Units: 149
• Price per Unit (PPU): $510,067

The buyer, Gelt Inc., led by Keith Wasserman, Josh Satin, and Jeff Harris, successfully acquired the property. On the other hand, AvalonBay Communities Inc. acted as the seller in this transaction. Facilitating the deal was the brokerage team from Institutional Property Advisors, representing both the buyer and seller's interests.