Craig Nassi Of BCN Development LLC Acquires Multifamily Asset From Bob Lai For $33 Million

The property asset involved in this transaction is located at 350 West 38th Street in the Hudson Yards market. This multifamily asset features a sale price of $33,000,000, comprising 55 residential units and 20 commercial units, with a total square footage of 50,000 and a price per square foot of $660.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $33,000,000
• Address: 350 West 38th Street
• Market: Hudson Yards
• Residential Units: 55
• Commercial Units: 20
• Square Footage: 50,000
• Price per Square Foot: $660
• Buyer: Craig Nassi - BCN Development LLC
• Seller: Bob Lai
• Broker: Andrew Jacobs - Colliers

This deal involved Craig Nassi representing BCN Development LLC as the buyer, while Bob Lai acted as the seller. The brokerage services for this transaction were provided by Andrew Jacobs from Colliers, indicating a professional engagement in the multifamily market sector.