Heritige Realty Acquires Multi-Family Property In Manhattan For $16M

A multi-family property located at 40 Arden Street in Manhattan, New York was recently sold. The property consists of 69 units and spans a total area of 58,030 square feet. The transaction took place on November 22, 2017 and the property was sold for a total price of $16,000,000, resulting in a price per square foot of $275 and a price per unit of $231,000.

Summary of transaction details:

• Property Type: Multi Family
• Transaction Amount: $16,000,000
• Address: 40 Arden Street, New York
• Market: Manhattan
• Total Square Footage: 58,030 sf
• Price per Square Foot: $275
• Total Units: 69
• Price per Unit: $231,000

The seller of the property was John Ballan, while the buyer was Heritige Realty represented by Alexander Haji of @alexhaji.