Standard Property Company Acquires Multifam Property For $110.3M In Manhattan From Seller Starrett Corporation

The multifamily property located at 341-363 West 50th Street in Manhattan, New York has been sold in a closed transaction. The property spans 150,000 square feet and was sold at a price of $110,300,000, resulting in a price per square foot of $733. The seller of the property is Starrett Corporation and the buyer is Standard Property Company.

Summary of transaction details

• Property Type: Multifam
• Transaction Amount: $110,300,000
• Address: 341-363 West 50th Street, New York
• Market: Manhattan
• Square Footage: 150,000
• Price per Square Foot: $733
• Seller: Starrett Corporation
• Buyer: Standard Property Company

The deal was facilitated by Ariel Property Advisors acting as the broker in the transaction.