An affiliate of the Brodsky Organization has adjusted its residential portfolio in Manhattan and sold the multi-family building 360 West 43rd Street in the Hell’s Kitchen neighbourhood. According to a person familiar with the transaction, the purchase price for the 256-unit property stood at 142.5 million dollars.
The acquisition of the property between Eighth and Ninth Avenue was completed off-market by the New York investment and management firm Atlas Capital Group. Ivan Hakimian of HPNY was involved in brokering the off-market deal, but declined further comment. Representatives of Atlas Capital Group and the Brodsky Organization also remained tight-lipped regarding the details of the agreement.
Fully let residential high-rise near Times Square
The 23-storey building is located two cross streets west of Times Square. According to municipal records, the plot was acquired in 2002 by 42/9 Residential, an entity of the Brodsky Organization, and subsequently developed. The total area of the property amounts to around 250,000 square feet, which includes 13,000 square feet of commercial space on the ground floor as well as its own underground car park.
The residential complex is currently fully occupied; according to the platform StreetEasy, no units are presently available. The most recent recorded contract involved a studio flat, which was agreed in August at a monthly rent of 3,795 dollars.
Continuous portfolio expansion by Atlas Capital
With the purchase on West 43rd Street, Atlas Capital Group is further expanding its holdings of multi-family buildings in New York City. The company already owns several prominent residential schemes across Manhattan and Brooklyn:
- —15 Park Row in Lower Manhattan
- —80 DeKalb in Downtown Brooklyn
- —The Denizen in the Bushwick district of Brooklyn
- —250 East Houston Street in the East Village, acquired in early 2026 for 112 million dollars from The Dermot Company and Rockwood Capital
Alongside standing asset acquisitions, Atlas Capital is engaged in several large-scale developments. These include luxury condominiums at 80 Clarkson Street in the West Village, subsidised senior housing at the nearby site of 570 Washington Street, as well as a partnership to deliver a residential tower at 200 West 97th Street on the Upper West Side.
