Acquisitions
Sun Frontier buys 439 West 46th Street
Published on
Sun Frontier Co has acquired 439 West 46th Street from Peter Gonedes for $6.6 million, according to public records. The Hell’s Kitchen multi-family building spans 9,390 square feet and contains 20 units (14 are stabilized).
Location: The property is located between 9th and 10th Avenues, just three blocks from the 49 Street Subway Station with access to the N, Q, R, and W trains.
Be Smart: Sources close to the deal confirmed that the property traded at a 3.7% cap rate. The property possesses 6,527 square feet of unused air rights.
Brokers: The deal was brokered by Alan Stenson of Brax Realty.
