Stone Street Acquires 440 West 47th Street
"Jeffrey Kaye’s Stone Street Properties closed this week on the purchase of a 47-unit Hell’s Kitchen rental building from Los Angeles-based MWest Holdings for $23.5 million."
"The five-story elevator building, located at 440 West 47th Street between Ninth and Tenth avenues, spans more than 37,000 square feet and includes a 3,700-square-foot, basement level commercial unit. Roughly three-quarters of the building’s 46 apartments are market-rate, according to sources with knowledge of the transaction, while the rest are rent-stabilized."
Read more at http://therealdeal.com/2016/01/29/stone-street-buys-hells-kitchen-rental-for-24m/
