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RE Equities Pays $14M for West Side Mutlifamily

NEW YORK CITY-Citing neighborhood appeal, Alissa and David Fastenberg choose to sell the 20,334-sf six-story walk-up in an all-cash transaction for $690.96 per sf.

By Natalie Dolce | Updated on November 21, 2007

(Read more on the multifamily market.)

NEW YORK CITY-RE Equities Corp. has purchased a six-story walk-up apartment building, located just east of the Meatpacking District on the west side of Manhattan, for $14.1 million, GlobeSt.com has learned. The property was sold by Alissa and David Fastenberg for above the asking price in an all-cash transaction.

A source close to the deal tells GlobeSt.com that the original asking price was $13.9 million. “It sold over the asking price because there were 14 solid offers on the table,” the source notes. “Two people decided to step it up; however, only one secured the property in the end.”

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