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Meridian Capital Group Represents Mazella Family In $20.65M Sale Of Five Mixed-Use Buildings In Hell's Kitchen

692-698 Ninth Avenue & 356 West 48th Street
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This Mixed-use property located in NY was sold for $20,650,000 over 2 years ago. The brokers of the deal were Amit Doshi and Shallini Mehra

A five contiguous mixed-use walk-up buildings in Hell’s Kitchen, Midtown West have been sold for $20,650,000. The buildings are located at 692-698 Ninth Avenue & 356 West 48th Street. The property comprises of 60 residential units and 4 retail units, with a total square footage of 45,548. The air rights of the buildings amount to 29,520. The sale price translates to a price per square foot of $453.

Summary of transaction details

  • Property Type: Five contiguous mixed-use walk-up buildings
  • Transaction Amount: $20,650,000
  • Address: 692-698 Ninth Avenue & 356 West 48th Street
  • Market: Hell’s Kitchen, Midtown West
  • Seller: Mazella Family
  • Brokers: Amit Doshi & Shallini Mehra - Meridian Capital Group
  • Units: 60 Residential & 4 Retail

The deal was facilitated by brokers Amit Doshi and Shallini Mehra from Meridian Capital Group.

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Deals
  • Location
    692-698 Ninth Avenue, Hell's Kitchen, New York, NY, USA692-698 Ninth Avenue, Hell's Kitchen, New York, NY, USA
  • Sale Price
    $20,650,000$20,650,000
    $275 PPSF$275 PPSF
  • Area
    75,068 SF75,068 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Amit Doshi

Amit Doshi

Deals58
Financed$966.7M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

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Deal Summary

SALE IMAGE: Shallini Mehra & Amit Doshi DATE: 10/22/2021 ADDRESS: 692-698 Ninth Avenue & 356 West 48th Street MARKET: Hell’s Kitchen, Midtown West ASSET TYPE: Five contiguous mixed-use walk-up buildings SELLER: Mazella Family BROKERS: Amit Doshi & Shallini Mehra (@TeamDoshi) - Meridian Capital Group SALE PRICE: $20,650,000 SF: 45,548 & 29,520 of air rights ~ PPSF: $453 UNITS: 60 Residential & 4 Retail

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692-698 Ninth Avenue & 356 West 48th Street

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