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Atlas Capital Snags Hell’s Kitchen Apartments for Reported $150M
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Atlas Capital Group has acquired 360 W. 43rd St., a 256-unit multifamily property located in Midtown Manhattan’s Hell’s Kitchen neighborhood. Although Atlas Capital did not disclose the acquisition price, Crain’s New York Business reported it as approximately $150 million, or about $586,000 per unit.

The 23-story, approximately 250,000-square-foot property comprises 256 rental apartments, 13,000 square feet of ground-floor commercial space and a parking garage. Developed in 2002 by the Brodsky Organization, the building offers a range of resident amenities.

Atlas recently acquired 250 E. Houston St., a 130-unit Class A multifamily property in Manhattan’s East Village. The locally based investment, development and management firm is also co-developing 80 Clarkson St., a luxury condominium development, and 570 Washington St., a senior affordable housing development, both in the West Village; and 200 W. 97th St., a residential tower on Manhattan’s Upper West Side.

The transaction was brokered by Ivan Hakimian of HPNY.

The post Atlas Capital Snags Hell’s Kitchen Apartments for Reported $150M appeared first on Connect CRE.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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