ZC Ventures Acquires Multifamily Asset From Kings Capital For $11.8 Million In Clinton Hill

The multifamily property located at 356 West 48th Street, situated in the Clinton Hill - Hell's Kitchen market, was sold for $11,800,000. The asset comprises 20 units, featuring a price per unit of $590,000. The total square footage of the property is 9,970, resulting in a price per square foot of $1,184.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,800,000
• Units: 20
• Price Per Unit: $590,000
• Square Footage: 9,970
• Price Per Square Foot: $1,184
• Buyer: ZC Ventures
• Seller: Kings Capital - Jeffrey Znaty, George Giannopoulos & Thomas Giannopoulos
• Buyer's Representative: Anne Chang - Jade Stone Real Estate
• Seller's Representatives: Amit Doshi & Shallini Mehra - Meridian Capital Group

In this transaction, Kings Capital, represented by Jeffrey Znaty, George Giannopoulos, and Thomas Giannopoulos, is engaged in a 1031 exchange and is actively seeking new property opportunities. For exchange opportunities, interested parties are encouraged to contact [email protected].