AMAC Holdings Acquires The Crossroads Rental Building In Manhattan For $59M

The Crossroads, a rental building located at 10 Rutgers Street in Manhattan, New York, was sold on 01/03/18 for a total price of $59,000,000. The property spans across 75,000 square feet, resulting in a price per square foot of $786. The building consists of 83 units and is known for its desirable location in the heart of Manhattan.

Summary of transaction details:

• Property Type: Rental Building
• Transaction Amount: $59,000,000
• Square Footage: 75,000 sf
• Price per Square Foot: $786
• Address: 10 Rutgers Street, New York
• Market: Manhattan

The seller of The Crossroads was Hudson Companies, represented by David Kramer. On the other hand, AMAC Holdings, led by Ivan Kaufman, acted as the buyer in the transaction. Lawrence Movtady from AMAC served as the broker for the deal, sourced in-house.