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Robert Morgenstern Acquires 31-Unit Property On Tenth Avenue & West 22nd Street For $27.6M

203-207 10th Avenue
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This Mixed-use property located in PA was sold for $27,618,320 over 5 years ago. The brokers of the deal were Rachel Aschendorf, Winfield Clifford, and Brock Emmetsberger

Robert Morgenstern has acquired a property located at 203-207 Tenth Avenue & 505 West 22nd Street in an undisclosed city. The transaction took place on 07/16/2018, with a total sale price of $27,618,320. The property spans an area of 22,945 square feet, resulting in a price per square foot of $1,203. The deal involved the purchase of 31 units, with each unit costing approximately $890,000.

Summary of transaction details

  • Property Type: SALE
  • Transaction Amount: $27,618,320
  • Square Footage: 22,945
  • Price per Square Foot: $1,203
  • Number of Units: 31
  • Price per Unit: $890,000

The sale was facilitated by Brock Emmetsberger, Winfield Clifford, and Rachel Aschendorf from the agency Cushwake, who represented the buyer, Robert Morgenstern, in the transaction.

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Deals
  • Location
    203-207 10th Avenue203-207 10th Avenue
  • Sale Price
    $27,618,320$27,618,320
    $1,203 PPSF$1,203 PPSF
  • Area
    22,945 SF22,945 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 3 Agencies3 Brokers, 3 Agencies

Agents

Brock Emmetsberger

Brock Emmetsberger

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Sold$199.1M

Winfield Clifford

Winfield Clifford

Deals52
Financed$1.6B

Agencies

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4186
Volume$167B

JLL

JLL

Agency
Deals5579
Volume$332.6B

Social

Deal Summary

SALE IMAGE: Robert Morgenstern ( @robertmorgenstern ), Brock Emmetsberger ( @NYCBROCK ) Winfield Clifford DATE: 07/16/2018 ADDRESS: 203-207 Tenth Avenue & 505 West 22nd Street CITY: MARKET: , ASSET TYPE: SELLER: Michael Tsoumpas BUYER: Robert Morgenstern BROKER: Brock Emmetsberger, Winfield Clifford, and Rachel Aschendorf ( @rachasch ) w/ @Cushwake PRICE: $27,618,320 SF: 22,945 ~ PPSF: $1,203 UNITS: 31 ~ PPU: $890K

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203-207 10th Avenue

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