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Standard Companies And Camber Property Group Acquire Multifamily Property In Midtown West For $40.3M

440 West 41st Street
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This MultiFamily property located in NY was sold for $40,300,000 almost 3 years ago. The brokers of the deal were Daniel (Dan) Kaplan, Justin Arzi, Elli Klapper, Brandon Thomas, Jeffrey (Jeff) Karp, and Scott Dweck

The multifamily property located at 440 West 41st Street in Midtown West has been sold for a total price of $40,300,000. The property consists of 109 units, with a price per unit of $369,724. The total square footage of the property is 66,000, with a price per square foot of $610.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $40,300,000
  • Address: 440 West 41st Street
  • Market: Midtown West

The buyers in this transaction are Standard Companies represented by Scott Alter and Jeffrey Jaeger, as well as Camber Property Group represented by Rick Gropper. The seller is Stabilis Capital Management. The buyer's representatives are Jeffrey Karp, Scott Dweck, and Brandon Thomas from Latitude Property Group. The seller's representatives are Dan Kaplan, Elli Klapper, and Justin Arz from CBRE.

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Deals
  • Location
    440 West 41st Street440 West 41st Street
  • Sale Price
    $40,300,000$40,300,000
    $610 PPSF$610 PPSF
  • Area
    66,000 SF66,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    6 Brokers, 2 Agencies6 Brokers, 2 Agencies

Agents

Jeffrey (Jeff) Karp

Jeffrey (Jeff) Karp

Deals4
Sold$97M

Elli Klapper

Elli Klapper

Deals21
Sold$332.5M

Justin Arzi

Justin Arzi

Deals23
Sold$674.8M

Daniel (Dan) Kaplan

Daniel (Dan) Kaplan

Deals33
Sold$996.5M

Agencies

CBRE

CBRE

Agency
Deals4229
Volume$184.3B

Latitude Property Group

Latitude Property Group

Agency
Deals19
Volume$436.5M

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Deal Summary

SALE IMAGE: Justin Arzi, Dan Kaplan, Elli Klapper, Scott Alter, Rick Gropper, Jeffrey Jaeger, Scott Dweck, Jeffrey Karp & Brandon Thomas DATE: 05/06/2021 ADDRESS: 440 West 41st Street MARKET: Midtown West ASSET TYPE: Multifamily BUYER: Standard Companies - Scott Alter & Jeffrey Jaeger, Camber Property Group - Rick Gropper SELLER: Stabilis Capital Management BUYER’S REP: Jeffrey Karp, Scott Dweck & Brandon Thomas - Latitude Property Group SELLER’S REP: Dan Kaplan, Elli Klapper & Justin Arz - CBRE SALE PRICE: $40,300,000 UNITS: 109 ~ PPU: $369,724 SF: 66,00 ~ PPSF: $610

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440 West 41st Street

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