Standard Companies And Camber Property Group Acquire Multifamily Property In Midtown West For $40.3M

The multifamily property located at 440 West 41st Street in Midtown West has been sold for a total price of $40,300,000. The property consists of 109 units, with a price per unit of $369,724. The total square footage of the property is 66,000, with a price per square foot of $610.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $40,300,000
• Address: 440 West 41st Street
• Market: Midtown West

The buyers in this transaction are Standard Companies represented by Scott Alter and Jeffrey Jaeger, as well as Camber Property Group represented by Rick Gropper. The seller is Stabilis Capital Management. The buyer's representatives are Jeffrey Karp, Scott Dweck, and Brandon Thomas from Latitude Property Group. The seller's representatives are Dan Kaplan, Elli Klapper, and Justin Arz from CBRE.