160-Unit West Village Rental Building In Contract for $100M

Midwood Investment & Development is in contract to purchase the 160-unit Candela Tower located at 56 Seventh Avenue from investment firm BlackRock. The pending sale for around $100 million, or $625,000 per unit, is notable since “big buildings don’t often change hands in the highly desirable West Village.”

Source:    https://therealdeal.com/2022/03/14/midwood-buying-west-village-apartment-building-for-100m/