47 East 34th

Four Winds Real Estate and the Lerner Family, through 47 East 34th Street Owners LLC, purchased the 110-unit rental building The Knox at 47 East 34th Street in Murray Hill, Manhattan, for $68 million from Morgenstern Capital and H.I.G. Capital. The transaction closed with Robert Morgenstern representing the sellers and David Schneiderman representing the buyers. The building has 106,153 square feet of built space on a lot size of 4,938 square feet and is zoned C5-2. The property’s market value in 2022 was $32.5 million, and it generated $4.9 million in revenue. The sale was brokered by Eastdil Secured’s Gary Phillips, Will Silverman, and Jeff Organisciak.