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The Elo Organization Acquires Mixed-Use Property In Midtown Manhattan

Property Image
SOLD
$6,000,000
Nir Mor
+ 1

New York

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Mixed-use12,100 SF
Sold 10/26/2020
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Property Image
SOLD

The Elo Organization Acquires Mixed-Use Property In Midtown Manhattan

37 W 46th St, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use12,100 SF
Sold 10/26/2020
Nir Mor
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$495
Total Square Footage:12,100 SF
Transaction Type:Sale

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.

Players

Nir Mor
20 deals$160.9M volume
BROKER

Rubens Jourdan
Capital Property Partners
4 deals$52.8M volume
BROKER


6 deals$60.6M volume
SELLER

Details

SOLD
IMAGE: Nir Mor (@NirMor5) & Rubens Jordan (@RubsJ1) DATE: 10/26/2020 ADDRESS: 37 West 46th Street MARKET: Midtown ASSET TYPE: Mixed-use BUYER: The Elo Organization – Noorollah Asherian SELLER: The Lee Family BROKERS: Nir Mor, Rubens Jordan – Capital Property Partners ASKING PRICE: $8,980,000 SALE PRICE: $6,000,000 SF: 12,100 ~ PPSF: $495

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