Atlas Capital Group acquires Hell’s Kitchen multifamily building for $142.5M

Atlas Capital Group has acquired a 256-unit rental building located at 360 West 43rd Street in Manhattan’s Hell’s Kitchen neighborhood. The off-market transaction was valued at approximately $142.5 million.

The 23-story property, which spans 250,000 square feet, was originally developed in 2002 by an entity of the Brodsky Organization. In addition to residential units, the building includes 13,000 square feet of ground-floor commercial space currently occupied by TD Bank and Mattress Firm. The luxury development features a gym, a parking garage, and a roof deck.

This acquisition expands the New York City footprint for Atlas Capital Group, which has recently engaged in several other local developments and purchases, including a $112 million acquisition in the East Village and various projects in Brooklyn and the West Village.