The multifamily property at 410 W. 48th St., 406 W. 48th St., 447 W. 47th St., and 316 W. 51st St. in the Midtown West market was sold for $25,850,000. The asset encompasses a total square footage of 42,266, translating to a price per square foot of $611. With a total of 63 units, the price per unit amounts to $410,317.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,850,000
• Square Footage: 42,266
• Price per Square Foot: $611
• Total Units: 63
• Price per Unit: $410,317
• Buyer: @IconRealty
• Seller: Aviva Jakubowicz – Palindrome Realty
• Date of Transaction: 05/29/2020

The transaction involved representatives from both sides, with @TerrenceLowenberg and Todd Cohen facilitating the sale. Their involvement highlights the collaborative efforts in bringing the buyer, Icon Realty, and seller, Aviva Jakubowicz of Palindrome Realty, together to close the deal.