Madison Realty Capital Sells Hell's Kitchen Multifamily For $5 Million With Joseph Koicim & Zan Colin

The property asset involved in this transaction is a multifamily building located at 753 9th Avenue in Hell's Kitchen. The sale price was $5,000,000, encompassing 13 units with a price per unit of $384,615. The building spans 10,650 square feet, resulting in a price per square foot of $469.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Address: 753 9th Avenue
• Market: Hell's Kitchen
• Units: 13
• Price per Unit: $384,615
• Square Footage: 10,650
• Price per Square Foot: $469
• Seller: Madison Realty Capital
• Broker Representatives: Joseph Koicim & Zan Colin - Marcus & Millichap

Joseph Koicim and Zan Colin represented Marcus & Millichap in the sale of the multifamily asset. The involvement of Madison Realty Capital as the seller played a critical role in this transaction, highlighting the dynamics between the involved parties.