Mehta Family Acquires Multifamily Property In Manhattan For $5.95M

Located at 507 West 134th Street in Manhattan, this multifamily property was recently sold for a total price of $5,950,000. Spanning a total area of 13,040 square feet, the property consists of 20 units, making it an attractive investment opportunity in the local market. With a price per square foot of $456.00, this transaction highlights the value and potential of the property.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,950,000
• Square Footage: 13,040
• Price per Square Foot: $456.00
• Number of Units: 20

The seller of the property was Meyer Orbach, while the buyer was the Mehta Family. Rosewood Realty Group's Aaron Jungreis and Ben Khakshoor represented both parties as the brokers in this transaction, showcasing their expertise and ability to successfully facilitate the deal.