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36TH ST, LLC Acquires 4 Story Walkup Building In Hudson Yards Area For $8M

468-470 9th Avenue
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This Mixed-use property located in NY was sold for $8,000,000 about 6 years ago. The broker of the deal was Joshua "Josh" Pomerantz

A 4-story walk-up building located at 468-470 9th Avenue in the Hudson Yards Area of Manhattan, New York, was recently sold for $8,000,000. The property, owned by the Luis G Marti Living Trust, was purchased by a group of investors led by HPNY, represented by Josh Pomerantz, from 36TH ST, LLC. The transaction took place on January 20, 2018. The building consists of 11 apartments and 4 stores, totaling 15 units with a square footage of 16,808. The price per square foot was $475, and the price per unit was approximately $533,000.

Summary of transaction details:

  • Property Type: 4 Story Walkup Building
  • Transaction Amount: $8,000,000
  • Address: 468-470 9th Avenue, New York
  • Market: Hudson Yards Area, Manhattan
  • Buyer: 36TH ST, LLC - A group of investors led by HPNY
  • Seller: Luis G Marti Living Trust
  • Broker: Josh Pomerantz - HPNY
  • Square Footage: 16,808
  • Price per Square Foot: $475
  • Units: 15 (11 Apartments and 4 stores)
  • Price per Unit: $533,000

Josh Pomerantz, representing HPNY, played a key role in facilitating the sale of the property. The transaction brought together the Luis G Marti Living Trust as the seller and 36TH ST, LLC as the buyer. The 4-story walk-up building offers a lucrative investment opportunity in the Hudson Yards Area of Manhattan.

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Deals
  • Location
    470 9th Avenue, New York, NY, USA470 9th Avenue, New York, NY, USA
  • Sale Price
    $8,000,000$8,000,000
    $476 PPSF$476 PPSF
  • Area
    16,808 SF16,808 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Joshua "Josh" Pomerantz

Joshua "Josh" Pomerantz

Deals19
Financed$82.4M

Agency

SP Capital Group

SP Capital Group

Agency
Deals56
Volume$267M

Social

Deal Summary

SALE IMAGE: Josh Pomerantz ( @pomdiggz ) DATE: 01/20/18 ADDRESS: 468-470 9th Avenue CITY: New York MARKET: Hudson Yards Area, Manhattan ASSET TYPE: 4 Story Walkup Building SELLER: Luis G Marti Living Trust BUYER: 36TH ST, LLC - A group of investors led by HPNY @hpny_ BROKER: Josh Pomerantz @hpny_ @pomdiggzi PRICE: $8,000,000 SF: 16808 ~ PPSF: $475 UNITS: 15 (11 Apartments and 4 stores) ~ PPU: 533K

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468-470 9th Avenue

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