Icon Realty Management Sells 10-Unit Multifamily In New York City For $6.35M With Avison Young Brokers

A multifamily property located at 447 West 47th Street in New York City has been sold for $6,350,000. The property consists of 10 units, with an average price per unit of $635,000. The total square footage of the property is 7,686, resulting in a price per square foot of $826.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,350,000
• Units: 10
• Average Price per Unit: $635,000
• Total Square Footage: 7,686
• Price per Square Foot: $826
• Address: 447 West 47th Street
• Market: New York City

The sale of the property was facilitated by brokers Brandon Polakoff, Ryan McGuirl, Mitchell Levine, and Joseph Moran from Avison Young. The sellers, Icon Realty Management represented by Terrence Lowenberg and Todd Cohen, successfully closed the deal.