The Olnick Organization Acquires Hamilton Heights Multifamily For $19M

The multifamily property located at 542 W 153rd Street in Hamilton Heights was recently sold in a closed transaction. The property, with a total square footage of 29,442, consists of 34 units. The seller of the property was Taurus Investment Holdings & Synapse Development, while the buyer was The Olnick Organization. The sale price for the property was $19,000,000, with an asking price of $26,000,000. The price per square foot for the property was $645, and the price per unit was $558,823.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $19,000,000
• Address: 542 W 153rd Street
• Market: Hamilton Heights
• Seller: Taurus Investment Holdings & Synapse Development
• Buyer: The Olnick Organization
• Asking Price: $26,000,000
• Square Footage: 29,442
• Price per Square Foot: $645
• Units: 34
• Price per Unit: $558,823

Justin Natalizio, Eric Anton, Chris Warner, Drew Goldsmith, and Seth Schochet were the brokers involved in the transaction.