Quality Capital Acquires Multi-Family Properties On Upper West Side For $57M

A multi-family property located at 4, 8, 10-16 Manhattan Avenue and 3 - 9 West 108th Street in the Upper West Side of NYC has been sold for a total of $57,000,000. The property consists of three elevator buildings and two walk-ups, offering a total of 130 units. It spans approximately 118,000 square feet, resulting in a price per square foot of $483. The gross income generated from the property is $3,800,000.

Summary of transaction details

• Property Type: Multi-Family
• Transaction Amount: $57,000,000
• Address: 4, 8, 10-16 Manhattan Avenue, and 3 - 9 West 108th Street
• Market: Upper West Side, NYC
• Square Footage: 118,000
• Price per Square Foot: $483
• Gross Income: $3,800,000
• Seller: The Orbach Group - Meyer Orbach
• Buyer: Quality Capital - Samson Klugman

The transaction was facilitated by brokers Michael Guttman and Aaron Jungreis from Rosewood Realty Group NY. Both parties involved in the deal, the seller represented by Meyer Orbach of The Orbach Group and the buyer represented by Samson Klugman of Quality Capital, successfully completed the sale of this multi-family property in the Upper West Side.