The Elo Organization Acquires Mixed-Use Property In Midtown Manhattan

The mixed-use property located at 37 West 46th Street in Midtown has been sold in a recent transaction. The property, spanning approximately 12,100 square feet, was sold by the Lee Family to The Elo Organization represented by Noorollah Asherian. The sale price for the property was $6,000,000, which translates to a price per square foot of $495.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $6,000,000
• Address: 37 West 46th Street
• Market: Midtown

Nir Mor and Rubens Jordan from Capital Property Partners acted as the brokers in this transaction, representing both the buyer, The Elo Organization, and the seller, the Lee Family. The property, with its prime location in Midtown, presented an attractive investment opportunity for The Elo Organization.