Tishman Realty Acquires Multifamily Property In Hell's Kitchen For $87.37M

Located at 505 West 43rd Street in Hell's Kitchen, the multifamily property was recently sold in a closed transaction. The sale took place on February 12, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $87,370,000
• Number of Units: 76
• Price Per Unit: $1,149,605
• Buyer: Tishman Realty - Daniel Tishman
• Seller: Elad Group - Yitzhak Tshuva
• Brokers: Dustin Stolly & Jordy Roeschlaub from Newmark, Yoav Oelsner & Glenn Tolchin from Upland Property Advisors

The buyer, Daniel Tishman, represented Tishman Realty in the transaction. Tishman Realty successfully negotiated the purchase of the property from Yitzhak Tshuva, who was represented by Elad Group. The deal was facilitated by brokers Dustin Stolly and Jordy Roeschlaub from Newmark, as well as Yoav Oelsner and Glenn Tolchin from Upland Property Advisors.