Atlas Capital Group Acquires Multifamily Building At 15 Park Row For $142M

15 Park Row is a multifamily property located in the Financial District. It was sold on January 20, 2021, for a price of $142,000,000. The property spans 335,000 square feet, resulting in a price per square foot of $423. The transaction involved the sale of 335 units, with a price per unit of $423,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $142,000,000
• Square Footage: 335,000
• Price per Square Foot: $423
• Number of Units: 335
• Price per Unit: $423,000

The buyer of the property was Atlas Capital Group, while the seller was Park Row Realty - Friedman Family, represented by Jason Friedman. The transaction was facilitated by brokers Helen Hwang, Karen Wiedenmann, Brian Szczapa, Yasmin Kheradpey, and Ernie Nichols from Meridian Capital Group.

15 Park Row is a highly sought-after asset located in one of Downtown's prime locations. It stands out as the only rental building among Park Row's luxury condominiums. The property offers spacious units with high ceilings and breathtaking views of notable landmarks such as the World Trade Center, the Woolworth Building, and Midtown.