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

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.