Gatsby Enterprises Sells Multifamily Property In Hell's Kitchen For $7M

A multifamily property located at 437 W. 46th St. in Hell's Kitchen, was recently sold for $7,000,000. The transaction took place on 07/18/2022. The property consists of 20 units with an average price per unit of $350,000. The total square footage of the property is 9,360, resulting in a price per square foot of $747.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Units: 20
• Price per Unit: $350,000
• Square Footage: 9,360
• Price per Square Foot: $747
• Market: Hell's Kitchen

The property was sold by Gatsby Enterprises. The sale was facilitated by Alan Stenson of Brax Realty acting as the broker. Alan Stenson played a crucial role in representing Gatsby Enterprises in the transaction.