178 Kai Management Inc Acquires Multi-family Property On St Nicholas Avenue, New York For $7.3M

The multi-family property located at 1356 St Nicholas Avenue in New York City's Manhattan market has been sold for a total price of $7,300,000, resulting in a price per square foot of $493.

Summary of transaction details

• Property Type: Multi-family
• Transaction Amount: $7,300,000
• Seller: Prana Investments – Neil McKinnon
• Buyer: 178 Kai Management Inc – Aron Kapelyus
• Broker: Ariel Property Advisors Matthew Gillis, Director – Investment Sales & Victor Sozio, Executive Vice President – Investment Sales

Prana Investments, represented by Neil McKinnon, sold the property to 178 Kai Management Inc, represented by Aron Kapelyus. The transaction was facilitated by Ariel Property Advisors' Matthew Gillis, Director of Investment Sales, and Victor Sozio, Executive Vice President of Investment Sales.