Fairstead Sells Multifamily Property In Manhattan For $86.75M With Buyer's Rep Steven Vegh & Seller's Rep Aaron Jungreis

Fairstead has sold a multifamily property located at 226 West 150th Street in Manhattan. The property consists of 537 residential units and 10 retail units, with a total of 547 units. The sale price for this transaction was $86,750,000, resulting in a price per unit (PPU) of $158,592. The property spans across 436,000 square feet, giving a price per square foot (PPSF) of $199.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $86,750,000
• Units: 547
• PPU: $158,592
• SF: 436,000
• PPSF: $199

The sale of this property was facilitated by the following brokers: Steven Vegh from Westwood Realty Associates, and Aaron Jungreis, Alex Fuchs, and Ben Khakshoor from Rosewood Realty Group.