Weiss Family Acquires Multifamily Property At 524 West 134th Street From Palladium For $6.8M

The asset involved in this transaction is a multifamily property located at 524 West 134th Street in the Manhattanville market. The property was sold for a total transaction amount of $6,800,000. It consists of 24 units, with a price per unit of $283,333. The total square footage of the property is 15,370, resulting in a price per square foot of $442.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,800,000
• Units: 24
• Price Per Unit: $283,333
• Square Footage: 15,370
• Price Per Square Foot: $442
• Buyer: Weiss Family
• Seller: Palladium
• Broker: David Gerstel - InRock Realty
• Date of Transaction: 11/01/2024

This transaction involved key individuals and companies, including the buyer, Weiss Family, and the seller, Palladium. David Gerstel from InRock Realty represented the seller in this deal, facilitating the transaction within the multifamily real estate sector.