Penn South Capital Acquires Multifamily Portfolio From Galil Management For $40 Million In Manhattan

The asset involved in this transaction consists of a multifamily property located at 260 Elizabeth Street, 262 Elizabeth Street, 264 Elizabeth Street, 266 Elizabeth Street, and 268 Elizabeth Street in Manhattan. The sale price was $40,000,000, with a total of 48 units, leading to a price per unit of $833,333. The total square footage of the property is 38,609, resulting in a price per square foot of $1,036.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Units: 48
• Price Per Unit: $833,333
• Square Footage: 38,609
• Price Per Square Foot: $1,036
• Buyer: Penn South Capital
• Seller: Galil Management
• Brokers: Aaron Jungreis, Alex Fuchs & Ben Khakshoor - Rosewood Realty Group

The individuals involved in this transaction include Aaron Jungreis, Alex Fuchs, and Ben Khakshoor, who represented the brokers from Rosewood Realty Group. They played a significant role in facilitating the deal between the buyer, Penn South Capital, and the seller, Galil Management.