Atlas Capital Buys 360 W. 43rd Apartments for $142.5M
The off-market deal adds a 256-unit Hell's Kitchen property to Atlas Capital Group's Manhattan multifamily portfolio.
Updated on Nov. 6, 2026 in Commercial
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Atlas Capital Group acquired the 256-unit apartment building at 360 West 43rd Street in Hell's Kitchen from an entity of the Brodsky Organization for $142.5 million. The off-market transaction was announced Friday.
Why it matters
The sale expands Atlas Capital Group's multifamily holdings in New York City, following its earlier purchase of 250 East Houston Street. The deal shows continued investor interest in large rental buildings in Manhattan's Midtown West neighborhoods.
The 23-story building includes 13,000 square feet of ground-floor commercial space and a parking garage, and no units are currently available. Atlas paid $142.5 million for the property, which 42/9 Residential, a Brodsky entity, acquired and developed in 2002.
The players
Atlas Capital Group
Atlas Capital Group is a New York City real estate investment firm that owns and manages multifamily rental properties across Manhattan and Brooklyn.
Brodsky Organization
The Brodsky Organization is a New York City real estate developer and owner that built and held the 360 West 43rd Street property through affiliated entities.
HPNY
HPNY is a New York City real estate brokerage whose representative, Ivan Hakimian, was involved in the off-market sale.
The details
Ivan Hakimian of HPNY was involved in the off-market transaction, which closed without a public listing. The building sits on West 43rd Street between Eighth and Ninth avenues, two blocks west of Times Square.
Timeline
2002: 42/9 Residential, a Brodsky entity, acquired and developed the property.
January 2026: Atlas purchased 250 East Houston Street for $112 million.
Friday, November 6, 2026: Atlas Capital Group announced the 360 West 43rd Street acquisition.
Market Landscape
Atlas's acquisition of 360 West 43rd Street follows its January 2026 purchase of 250 East Houston Street for $112 million, extending a run of large Manhattan rental deals. The off-market structure also signals that investors are still pursuing buildings privately rather than through public listings.
Renters in the building have no units currently available, so the sale does not change who can lease there today. Prospective tenants interested in Hell's Kitchen rentals should watch for future listings as ownership transitions.
The takeaway
Large off-market sales like this one can reshape which owners control big blocks of New York City rentals without ever reaching the public market. Renters and investors alike benefit from tracking who holds buildings in their neighborhoods.
Further reading
For more on how large building sales like this shape the city's rental market, explore Commercial real estate coverage for New York City.
Source note: This article includes information reported by Commercial Observer.
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