Midtown West Multifamily Elevator Building at 430-438 West 41st Street Sells for $21,500,000

Successful Sale of 430-438 West 41st Street in Midtown West, Manhattan

Bob Knakal successfully closed the sale of 430-438 West 41st Street, a multifamily elevator building in Manhattan's Midtown West neighborhood. The property was sold for $21,500,000 on October 3, 2005, marking a significant transaction in the area.

Elevator Building Sales - For the complete list click here Elevator Buildings

Sale Details

The property at 430-438 West 41st Street was sold for $21.5 million, reflecting a price per square foot of approximately $332.50. The building comprises 114 units across 64,662 square feet, offering substantial residential space in a prime location.

Sale Price: $21,500,000
Sale Date: October 3, 2005
Property Type: Multifamily Elevator Building
Square Footage: 64,662
Price per Square Foot: $332.50
Number of Units: 114

Property Details

Located at 430-438 West 41st Street, the multifamily elevator building features 114 residential units within its 64,662 square feet. Situated in the vibrant Midtown West neighborhood, the property offers residents convenient access to various amenities and transportation options.

‍Market Strategy and Leverage

Bob Knakal employed a comprehensive market strategy to attract qualified buyers and negotiate favorable terms. His deep understanding of the Midtown West real estate market and extensive network facilitated a successful transaction that maximized value for the seller.

Neighborhood Overview

Midtown West is renowned for its:

Proximity to Major Attractions: Close to Times Square, Hudson Yards, and the Theater District.
Transportation Access: Excellent connectivity via multiple subway lines and bus routes.
Residential Appeal: A diverse mix of housing options attracting a wide range of residents.

Conclusion

The sale of 430-438 West 41st Street underscores Bob Knakal's ability to deliver exceptional results for clients in the competitive Manhattan real estate market. His strategic approach and market expertise ensured a successful transaction that met the seller's goals.