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Lightstone Group Acquires Multifamily Property On Upper West Side For $28.5M

Property Image
SOLD
$28,500,000

New York

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MultiFamily55,860 SF
Sold 09/01/2021
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Property Image
SOLD

Lightstone Group Acquires Multifamily Property On Upper West Side For $28.5M

700 West End Avenue, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily55,860 SF
Sold 09/01/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$510
Total Square Footage:55,860 SF
Transaction Type:Sale

A multifamily property located at 700 West End Avenue in the Upper West Side was recently sold for a total of $28,500,000. The property spans a total of 55,860 square feet, resulting in a price per square foot of $510. It comprises 65 units, with an average price per unit of $438,461.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $28,500,000
  • Address: 700 West End Avenue
  • Market: Upper West Side

The buyers of the property are David Lichtenstein and Mitchell Hochberg, representing the Lightstone Group.

This transaction showcases the involvement of David Lichtenstein and Mitchell Hochberg from the Lightstone Group as the purchasers of the multifamily property on 700 West End Avenue. Their expertise in the real estate industry has led them to acquire this valuable asset in the Upper West Side market.

Players

David Lichtenstein
16 deals$1.4B volume
BUYER

David Lichtenstein
16 deals$1.4B volume
BUYER

Details

SOLD
IMAGE: David Lichtenstein & Mitchell Hochberg DATE: 09/01/2021 ADDRESS: 700 West End Avenue MARKET: Upper West Side ASSET TYPE: Multifamily BUYER: @LightstoneGroup - David Lichtenstein & Mitchell Hochberg SALE PRICE: $28,500,000 SF: 55,860 ~ PPSF: $510 UNITS: 65 ~ PPU: $438,461

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