Penn South Capital Acquires Multifamily Portfolio From Galil Management For $40 Million In Manhattan
New York
See Similar DealsPenn South Capital Acquires Multifamily Portfolio From Galil Management For $40 Million In Manhattan
260 Elizabeth Street, 262 Elizabeth Street, 264 Elizabeth Street, 266 Elizabeth Street & 268 Elizabeth Street
See Similar DealsSummary
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.
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