Luxstone Partners Acquires 17 Fifth Avenue Multifamily Property From Magidson Family For $18.55M

The property asset involved in this transaction is a MultiFamily building located at 17 Fifth Avenue in Pelham. The sale price was $18,550,000, with a total square footage of 60,689, resulting in a price per square foot of $305.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $18,550,000
• Address: 17 Fifth Avenue
• Market: Pelham
• Square Footage: 60,689
• Price Per Square Foot: $305
• Buyer: Luxstone Partners
• Seller: Magidson Family
• Brokers: Anthony Watkins & David Algarin - Oak & Avery Group

Key individuals in this transaction include the buyer Luxstone Partners and the seller Magidson Family, with representation from brokers Anthony Watkins and David Algarin from Oak & Avery Group. The transaction was completed on 10/20/2026.