Michael Heletz Acquires Murray Hill Multifamily For $11.2M

The multifamily property located at 345 East 33rd Street in Murray Hill has been sold in a closed transaction. The property spans a total of 10,625 square feet, with a sale price of $11.2 million. This equates to a price per square foot (PPSF) of $1,054. The seller of the property was JAM Real Estate Partners, represented by Jared Pinchasik. The buyer of the property was Michael Heletz. The transaction was facilitated by broker David Khorshad from the Plaza Group.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $11.2 million
• Square Footage: 10,625
• Market: Murray Hill

In August 2017, JAM Real Estate Partners had acquired the property for $7.2 million, demonstrating a successful investment. The sale of the property at 345 East 33rd Street marks another milestone for the parties involved in this transaction.