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Glenn Raff sold Midtown West 6-Story Elevator Building for $47.5M

Glenn Raff sold Midtown West 6-Story Elevator Building for $47.5M

Glenn Raff of Alpha Realty sold Midtown West 6-Story Elevator Building for $47.5 million A private local investor has bought this 1945 mixed-use six-story corner elevator apartment building for 20.7 times the rent roll in Hell’s Kitchen. The recently renovated 37,000-square-foot building has 37 apartments — 29 rented at market rates and eight that are rent-stabilized — with rents averaging $3,300. The Greek Kitchen and Boston Market occupy the retail spaces. […]

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