SOLD
Ron Abudi Acquires Multifamily Building On West 48th St. For $4.55M
515 West 48th Street
MultiFamily
9,790 SF
9,790 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
9,790 sqft
The multifamily property located at 515 W. 48th St. in Clinton, Hell’s Kitchen was recently sold for a price of $4,550,000. The property consists of 20 units, with a price per unit of $227,500. The total square footage of the property is 9,790, resulting in a price per square foot of $464.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Units: 20
- Price per Unit: $227,500
- Square Footage: 9,790
- Price per Square Foot: $464
- Address: 515 W. 48th St., Clinton, Hell’s Kitchen
The buyer of the property is Ron Abudi, while the seller is Verco Properties. The deal was facilitated by the brokers Adam Lobel, Zachary Ziskin, Justin Zeitchik, and Cooper Beitman from Investment Property Realty Group (IPRG). It is worth noting that the building is 50% free market. The buyer successfully closed the deal within 45 days of contract signing.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Zachary Ziskin, Adam Lobel & Justin Zeitchik
DATE: 09/23/2022
ADDRESS: 515 W. 48th St.
MARKET: Clinton, Hell’s Kitchen
ASSET TYPE: Multifamily
BUYER: Ron Abudi
SELLER: Verco Properties
BROKERS: Adam Lobel (@AdamLobelRealEstate), Zachary Ziskin (@ZacharyZiskin_IPRG), Justin Zeitchik (@Jigga1216) & Cooper Beitman (@CooperB_CRE) - Investment Property Realty Group (IPRG) (@IPRG_NY)
SALE PRICE: $4,550,000
UNITS: 20 ~ PPU: $227,500
SF: 9,790 ~ PPSF: $464
NOTE FROM BROKER: The building is 50% free market. The buyer closed within 45 days of contract signing.View on map
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Address515 West 48th Street
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