Michael Alvandi Purchases Multifamily Property At 244 West 72nd Street For $40M From Fred Shalom

The property asset involved in the transaction is a MultiFamily building located at 244 West 72nd Street in the New York market. The sale price for the asset is $40,000,000.00, which encompasses 88 units and has a total square footage of 87,150.0.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $40,000,000.00
• Address: 244 West 72nd Street
• Market: New York
• Units: 88
• Square Feet: 87,150.0
• Buyer: Michael Alvandi
• Seller: Fred Shalom
• Sale Date: 02/20/2025

Michael Alvandi is the buyer of the property, while Fred Shalom acts as the seller in this transaction. The deal was executed on February 20, 2025.