Meridian Capital Group Represents Mazella Family In $20.65M Sale Of Five Mixed-Use Buildings In Hell's Kitchen

A five contiguous mixed-use walk-up buildings in Hell’s Kitchen, Midtown West have been sold for $20,650,000. The buildings are located at 692-698 Ninth Avenue & 356 West 48th Street. The property comprises of 60 residential units and 4 retail units, with a total square footage of 45,548. The air rights of the buildings amount to 29,520. The sale price translates to a price per square foot of $453.

Summary of transaction details

• Property Type: Five contiguous mixed-use walk-up buildings
• Transaction Amount: $20,650,000
• Address: 692-698 Ninth Avenue & 356 West 48th Street
• Market: Hell’s Kitchen, Midtown West
• Seller: Mazella Family
• Brokers: Amit Doshi & Shallini Mehra - Meridian Capital Group
• Units: 60 Residential & 4 Retail

The deal was facilitated by brokers Amit Doshi and Shallini Mehra from Meridian Capital Group.