Raizada S. Vaid Acquires Times Square Multifamily For $10.4M

The multifamily property located at 250 West 47th Street in Times Square has been sold in a closed transaction. The property consists of 12 units and spans across 9,175 square feet. The sale price for this transaction was $10,400,000, resulting in a price per square foot of $1,133. The buyer in this deal was Raizada S. Vaid, while the sellers were Salvatore Guadio, Tarek Alam, and Thomas Bifulco.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,400,000
• Square Footage: 9,175
• Price per Square Foot: $1,133
• Number of Units: 12
• Buyer: Raizada S. Vaid
• Sellers: Salvatore Guadio, Tarek Alam, Thomas Bifulco

In representing the buyer, Raizada S. Vaid, embarked on this multifamily property acquisition in Times Square. On the other side of the transaction, Salvatore Guadio, Tarek Alam, and Thomas Bifulco acted as the sellers. This deal marks a significant transaction in the real estate market, further establishing the appeal and value of the Times Square area for multifamily investments.