Muschel Family Sells Multifamily Property In Hudson Heights For $14.6M

The multifamily property located at 165 Bennett Avenue in Hudson Heights has been sold for a total price of $14,625,000. The transaction took place on December 15, 2021. The property spans a total area of 59,953 square feet, resulting in a price per square foot of $243. It consists of 79 units, and the price per unit is calculated to be $185,126.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,625,000
• Address: 165 Bennett Avenue
• Market: Hudson Heights
• Asset Type: Multifamily
• Zoning: R7-2

The sellers of the property are The Muschel Family. The deal was facilitated by Ryan Perkoski and Henry Grass of RPR Ventures, who represented the seller as brokers. They played an integral role in ensuring the successful completion of the transaction.