Sani Group Acquires Multifamily Property At 300 West 12th Street For $50.5 Million

A multifamily asset located at 300 West 12th Street, 5 Jones Street & 240 West 15th Street in Manhattan has been sold for $50,500,000. The property encompasses a total square footage of 68,484, resulting in a price per square foot of $737.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,500,000
• Square Footage: 68,484
• Price per Square Foot: $737
• Buyer: Sani Group
• Brokers: James Nelson, Brandon Polakoff, David Shalom, Ryan McGuirl & Alexandra Marolda - Avison Young

The deal involved multiple brokers representing the buyer, Sani Group. The transaction reflects the collaborative effort of the team from Avison Young, showcasing their role in facilitating this significant multifamily property acquisition.