Cushman & Wakefield has arranged the sale of five multifamily properties from The Metro Portfolio for a total of $27,050,000.
Robert M. Shapiro, Nicholas Kontos, Andrew Berry, Michael Gembecki,
Charlie Gravina and Austin Fabel represented the seller, Metro Management, in the transactions.
“These properties are part of The Metro Portfolio, a rare collection of 13 residential and mixed-use properties along the west side of Manhattan,” said Shapiro. “We received significant interest in these multifamily properties, as they are located in some of Manhattan’s most desirable neighborhoods.”
320-326 and 329-333 West 55th Street are two rent regulated, four-story multifamily properties located on West 55th Street in Hell’s Kitchen. The buildings consist of 63 apartments and span 27,522 square feet. Cushman & Wakefield also represented the buyer in this transaction. The assets sold for
357 West 22nd Street and 359 West 22nd Street (pictured top) are two adjacent five-story townhomes situated on West 22nd Street between Eighth and Ninth avenues in Chelsea. The properties consist of 10 floor- through residential units that total 11,250 square feet. Cushman & Wakefield also represented the buyer, Parke Leatherman of Lockhill Properties, in this transaction. The assets sold for $8,000,000.
335 West 19th Street is a 14,540 s/f, rent regulated multifamily building located on West 19th Street between Eighth and Ninth avenues in Chelsea. The four-story, 45-unit property consists of one two-bedroom and 44 studios. The property sold for $7,500,000.