Empress Property Group Acquires Multifamily Asset In New York For $9.5M

The multifamily property located at 541-545 West 49th Street in New York has been sold for a price of $9,500,000. The property spans a total area of 30,618 square feet, resulting in a price per square foot of $310. The transaction took place on September 30, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,500,000
• Property Address: 541-545 West 49th Street, New York
• Market: New York

In this deal, the buyers are Lav Bauta and Izzy Bauta, who are represented by Empress Property Group. The brokers involved in the transaction are Amit Doshi, Shallini Mehra, and Justin Barbos, all of whom are associated with Meridian Investment Sales.