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Mike Pitman Acquires Multifamily Property In Midtown West For $4.55M

Property Image
SOLD
$4,550,000
Charlie Gravina
Andrew Berry
MP
+ 1

New York

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MultiFamily9,162 SF
Sold 05/27/2020
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Property Image
SOLD

Mike Pitman Acquires Multifamily Property In Midtown West For $4.55M

446 West 55th Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily9,162 SF
Sold 05/27/2020
Charlie Gravina
Andrew Berry
MP
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$496
Total Square Footage:9,162 SF
Transaction Type:Sale

The multifamily property located at 446 West 55th Street in Midtown West has been sold for a price of $4,550,000. The transaction took place on May 27, 2021. The property spans 9,162 square feet, resulting in a price per square foot of $496. It consists of 20 units, with an average price per unit of $227,500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,550,000
  • Address: 446 West 55th Street
  • Market: Midtown West
  • SF: 9,162
  • PPSF: $496
  • Units: 20
  • PPU: $227,500

The buyer of the property was Mike Pitman, while the seller was Milton Merl. Andrew Berry and Charlie Gravina from Cushman & Wakefield represented the seller in the transaction.

Players

Charlie Gravina
Cushman & Wakefield
Charlie Gravina
21 deals$280.6M volume
BROKER
Andrew Berry
Cushman & Wakefield
Andrew Berry
33 deals$410.9M volume
BROKER
MP
Mike Pitman
8 deals$25.2M volume
BUYER
MM
Milton Merl
3 deals$18M volume
SELLER

Details

SOLD
IMAGE: Andrew Berry, Mike Pitman & Charlie Gravina DATE: 05/27/2021 ADDRESS: 446 West 55th Street MARKET: Midtown West ASSET TYPE: Multifamily BUYER: Mike Pitman (@MikePitman1) SELLER: Milton Merl SELLER’S REP: Andrew Berry (@ATBerry3) & Charlie Gravina (@Chuckee_G) - Cushman & Wakefield SALE PRICE: $4,550,000 SF: 9,162 ~ PPSF: $496 UNITS: 20 ~ PPU: $227,500

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Debt Service Coverage Ratio (DSCR)

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