Uel Rheem Acquires Multifamily Property On King Street In Hudson Square For $13.95M

A multifamily property located at 41 King Street in Hudson Square, Manhattan has recently been sold for a price of $13,950,000. The property has a total square footage of 5,292 and a price per square foot of $2,636. The building's floor area ratio (FAR) is 2.25, and it falls under tax class 2A. The lot size is 2,352, with dimensions of 23.5 ft x 100.08 ft. The property was previously altered on March 27, 2019, with an alteration permit of type 2.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $13,950,000
• Buyer: Uel Rheem
• Seller: Paul M. Giddins
• Building Square Footage: 5,292
• Price per Square Foot: $2,636
• Floor Area Ratio (FAR): 2.25
• Tax Class: 2A
• Lot Size: 2,352
• Permits: Alteration 2 (03/27/2019)
• Lot Dimension: 23.5 ft x 100.08 ft

Uel Rheem was the buyer in this transaction, while Paul M. Giddins acted as the seller. The price per square foot of $2,636 reflects the value of the property in the Hudson Square market. Both parties involved in the deal, Uel Rheem and Paul M. Giddins, are key individuals in the real estate industry.