Xinos Construction pays $11.6M to Metro Management for two rentals in Midtown West

Xinos Construction through the entity Nyc West 55th LLC paid $11.6 million to Metro Management Development through the entity Rota Holding Corp. for 40-unit rental (C4) at 320 West 55th Street in Midtown West, Manhattan and 24-unit rental (C4) at 329 West 55th Street in Midtown West, Manhattan.
The deal closed on August 24, 2021 and was recorded on September 2, 2021.
The two properties have 27,552 square feet of built space and 55,746 square feet of additional air rights for a total buildable of 83,274 square feet according to PincusCo analysis of city data. The sale price per built square foot is $419 and the price per buildable square foot is $138 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Metro Management Development was David Baron. The signatory for Xinos Construction was Andon Iksino.

Baron is president of Metro.
The former owners according to the Department of Housing Preservation and Development included Joe Doren, head officer and Bardhyl Vadahi, site manager. The business entity was Rota Holding Corp#1.

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