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Tishman Realty Acquires Multifamily Property In Hell's Kitchen For $87.37M

505 West 43rd Street
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This MultiFamily property located in NY was sold for $87,370,000 about 3 years ago. The brokers of the deal were Yoav Oelsner, Glenn Tolchin, Dustin Stolly, and Jordan (Jordy) Roeschlaub

Located at 505 West 43rd Street in Hell's Kitchen, the multifamily property was recently sold in a closed transaction. The sale took place on February 12, 2021.

Summary of transaction details:

The buyer, Daniel Tishman, represented Tishman Realty in the transaction. Tishman Realty successfully negotiated the purchase of the property from Yitzhak Tshuva, who was represented by Elad Group. The deal was facilitated by brokers Dustin Stolly and Jordy Roeschlaub from Newmark, as well as Yoav Oelsner and Glenn Tolchin from Upland Property Advisors.

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Deals
  • Location
    505 West 43rd Street, Manhattan, New York, NY, USA505 West 43rd Street, Manhattan, New York, NY, USA
  • Sale Price
    $87,370,000$87,370,000
    $4,366 PPSF$4,366 PPSF
  • Area
    20,010 SF20,010 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Yoav Oelsner

Yoav Oelsner

Deals9
Financed$366.8M

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Agencies

Upland Property Advisors

Upland Property Advisors

Agency
Deals19
Volume$1.1B

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

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Deal Summary

SALE IMAGE: Dustin Stolly, Yitzhak Tshuva, Daniel Tishman & Jordy Roeschlaub DATE: 02/12/2021 ADDRESS: 505 West 43rd Street MARKET: Hell’s Kitchen ASSET TYPE: Multifamily BUYER: Tishman Realty - Daniel Tishman SELLER: Elad Group - Yitzhak Tshuva BROKERS: Dustin Stolly & Jordy Roeschlaub @Newmark, Yoav Oelsner & Glenn Tolchin - Upland Property Advisors PRICE: $87,370,000 UNITS: 76 ~ PPU: $1,149,605

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505 West 43rd Street

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