320-326 & 329-333 West 55th Street

  • $11550000
320-326 West 55th Street, New York, NY, USA
Closed Deal Sold

320-326 & 329-333 West 55th Street

320-326 West 55th Street, New York, NY, USA
  • $11550000
The Multi Family property located in New York that spans 27,552 square feet sold for $11,550,000 or $419.2 PSF. The deal closed 3 months and 9 days ago. The brokers of the deal were Nicholas Kontos, Austin Fabel, Robert (Rob) Shapiro, Andrew Berry, Michael Gembecki and Charlie Gravina

Building Info

  • Units:
  • Property Type: Multi Family
  • Square Feet: 27552

Location

  • Address 320-326 West 55th Street, New York, NY, USA
  • City New York
  • State/county New York
  • Zip/Postal Code 10019
  • Country United States

Description

SALE
IMAGE: Austin Fabel, Andrew Berry, Rob Shapiro, Michael Gembecki, Charlie Gravina, & Nicholas Kontos
DATE: 08/25/2021
ADDRESS: 320-326 & 329-333 West 55th Street
MARKET: Midtown West
ASSET TYPE: Multifamily

BUYER: Xinos Construction Corp. – Andon Iksino
SELLER: Metro Management Development
BROKERS: Rob Shapiro (@RMShapiro), Andrew Berry (@ATBerry3), Michael Gembecki, Charlie Gravina (@Chuckee_G), Austin Fabel (@AsF2196) & Nicholas Kontos (@NAKontos) @CushWake

SALE PRICE: $11,550,000
SF: 27,552 ~ PPSF: $419

NOTE FROM @CushWake: 320-326 & 329-333 West 55th Street was the fourth sale to transact of the Metro Portfolio. The two properties are both four-story walk-up multifamily buildings located across the street from one another between 8th & 9th Avenues in Midtown West. The subject properties combine to total 27,552 SF & contain a total of 63 rental units. The Metro Portfolio is comprised of 13 residential & mixed-use properties located throughout 3 core Manhattan neighborhoods with a combined asking price of $74,250,000. The Cushman & Wakefield team executed a dynamic strategy to maximize value throughout the marketing process. By simultaneously offering as a package & on a carefully curated tranche basis, Cushman & Wakefield produced optimal results for both parties in the transaction. The Portfolio received tremendous interest with over 550 signed confidentiality agreements, 100 property inspections & over 70 offers.

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Experts

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Investment Associate
Investment Associate
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Senior Managing Director
Senior Managing Director
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Managing Director
Managing Director
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Founder / Managing Director
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Managing Director
Managing Director
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Chairman, New York Office Co-Head
Chairman, New York Office Co-Head
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Managing Director
Managing Director
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Licensed Real Estate Salesperson
Licensed Real Estate Salesperson
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Licensed Associate Real Estate Broker
Licensed Associate Real Estate Broker
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Senior Managing Director
Senior Managing Director
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Real Estate Broker
Real Estate Broker

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Charlie Gravina
  • Charlie Gravina
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