B6 Real Estate Advisors Sells MultiFamily Property In New York City For $4.75M

The multi-family property located at 314 West 51st Street in New York City has been sold for a price of $4,750,000. The property consists of 10 units with a price per unit of $475,000. It spans across 7,355 square feet, resulting in a price per square foot of $646. The property has a current in-place cap rate of 4.4%.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $4,750,000
• Units: 10
• Price Per Unit (PPU): $475,000
• Square Footage (SF): 7,355
• Price Per Square Foot (PPSF): $646
• Cap Rate: 4.4% (in-place)

The sale of the property was facilitated by B6 Real Estate Advisors, with Christoffer Brodhead, Thomas Gammino, Patrick Donahue, and Nikola Cosic representing the seller, Peter Alpi.