Two Kings Real Estate Acquires Property From Third Old New York LLC For $4.7M

The property asset involved in this transaction is a 15-unit multifamily building located at 320 W 22nd St, New York, NY, 10011. The sale price of the building was $4,700,000.00. The property covers an area of 8,000 square feet and features a frontage of 25 ft. It includes a mix of 11 one-bedroom and studio apartments and 4 studio apartments, with 6 units delivered vacant and 4 units being rent regulated.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,700,000.00
• Address: 320 W 22nd St, New York, NY, 10011
• Market: New York
• Buyer: Two Kings Real Estate
• Seller: Third Old New York, LLC
• Brokers: Daniel "Danny" Handweiler-Raven Property Advisors
• Buyer's Representative: Logan Markley-Marcus & Millichap
• Seller's Representative: Joe Koicim-Marcus & Millichap

This transaction marks the first sale of the building in over 20 years. The deal was executed by representatives from Marcus & Millichap, who provided services to both the seller and buyer during the transaction process, facilitating the negotiation and completion of the sale.