Kings Capital Acquires Multifamily Property In Hell's Kitchen/Midtown West For $4.65M

The multifamily property located at 356 West 48th Street in Hell's Kitchen/Midtown West has been sold in a closed transaction. The property consists of 20 units and was sold for a total of $4,650,000, with a price per unit of $232,500. The sale was facilitated by Amit Doshi and Shallini Mehra of Meridian Capital Group, representing the sellers. The buyers were Kings Capital, represented by Jeffrey Znaty, George Giannopoulos, Thomas Giannopoulos, and Richard Wheeler.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,650,000
• Address: 356 West 48th Street
• Market: Hell’s Kitchen/Midtown West

The property was purchased in an off-market transaction and was delivered fully vacant at closing. Currently, it is undergoing a substantial rehabilitation. Kings Capital, the buyer, is actively seeking similar opportunities in the New York metro area, as well as apartment complexes in the sunbelt. They can be contacted at [email protected]. Special thanks were extended to all the brokers and attorneys involved in the transaction.