Jonathan Rose Companies Acquires Multifamily Property In Mott Haven For $64M From Seller Omni New York

Maurice “Mo” Vaughn, Jonathan Rose & Eugene Schneur were involved in the sale of a multifamily property located at 350 St Anns Avenue in Mott Haven. The property has a total area of 178,734 square feet and is zoned as R6. The transaction took place on 12/22/2020, with Jonathan Rose Companies as the buyer and Omni New York as the seller. The property consists of 191 units, with a price per unit of $335,078. The sale price for the property was $64,000,000, resulting in a price per square foot of $358. The previous sale of the property occurred in 12/2004 for $15.5 million.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $64,000,000
• Address: 350 St Anns Avenue
• Market: Mott Haven
• Zoning: R6
• Buyer: Jonathan Rose Companies
• Seller: Omni New York
• Area: 178,734 square feet
• Units: 191
• Price per unit: $335,078
• Price per square foot: $358
• Last Sale: $15.5 million (12/2004)

The sale of the property was facilitated by Jonathan Rose Companies, represented by Maurice “Mo” Vaughn, and Eugene Schneur. The transaction represents a significant milestone in the Mott Haven market and showcases the strong demand for multifamily properties in the area.