Avenues Equity Partners Acquires Multifamily Asset From Vista Real Estate For $9.1M

The property asset involved in the transaction is a multifamily building located at 2 West 16th Street in the Flatiron market of Manhattan. The sale price of the property was $9,100,000, consisting of 13 units. It has a total square footage of 12,750, resulting in a price per unit of $700,000 and a price per square foot of $713.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,100,000
• Units: 13
• Square Footage: 12,750
• Price Per Unit: $700,000
• Price Per Square Foot: $713
• Buyer: Avenues Equity Partners
• Seller: Vista Real Estate
• Brokers: Brandon Polakoff, Mitchell Levine, Ryan McGuirl & Kyle Sabath - Avison Young
• Date of Transaction: 08/07/2024

The deal involved notable individuals from Avison Young, with Brandon Polakoff, Mitchell Levine, Ryan McGuirl, and Kyle Sabath representing the transaction. Their involvement reflects a coordinated effort by the brokerage team in facilitating this multifamily property sale within the competitive Flatiron market.