Edward Ostad Acquires Multifamily Properties Across Manhattan For $21.9M

Four walkup buildings across Manhattan in Hell’s Kitchen, Yorkville, and West Village have been acquired by Edward Ostad from entities linked to Danielle Downing. The total transaction amount for the four properties is $21.9 million, with a loan of $14.5 million from Amalgamated Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,900,000
• Address: 746 9th Avenue, 1732 2nd Avenue, 723 11th Avenue & 714 Greenwich Street
• Market: Hell’s Kitchen, Yorkville & West Village

Edward Ostad, the buyer, finalized the acquisition of the four multifamily properties from Danielle Downing. The lender in this deal was Amalgamated Bank, facilitating the transactions across multiple locations in Manhattan.