Dennis Wong Acquires Multifamily Building In Manhattan From Dermot Company For $49.5M

The 23-story luxury rental building at 377 East 33rd Street in Manhattan has been sold in a closed transaction. The property, a multifamily asset, was acquired by Dennis Wong of Verbana Road Holdings for a price of $49,500,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $49,500,000
• Address: 377 East 33rd Street, New York
• Market: Manhattan

Dennis Wong, representing Verbana Road Holdings, purchased the property from Dermot Company. Stephen Benjamin, the president and CEO of Dermot Company, was the seller in the deal.