Icon Realty Management Sells Multifamily Asset At 406 West 48th Street For $7M With Friedman-Roth Realty

The multifamily asset located at 406 West 48th Street in the Hell's Kitchen market was sold for $7,000,000. The property consists of 20 units, which equates to a price per unit of $350,000. The total square footage of the building is 9,750, resulting in a price per square foot of $717.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Units: 20
• Price Per Unit: $350,000
• Square Feet: 9,750
• Price Per Square Foot: $717
• Seller: Icon Realty Management
• Buyer's Representative: Joseph Smith - Friedman-Roth Realty
• Seller's Representative: Ryan Perlmutter - Friedman-Roth Realty

Joseph Smith represented the buyer, while Ryan Perlmutter represented the seller in this transaction, both affiliated with Friedman-Roth Realty.