Jeff Levine’s Douglaston Development has sold a rental apartment building at 311 W. 50th St. in Manhattan to the Torkian Group for $72 million.
Known as The Cameo, 311 W. 50th Street is a 102 unit rental complex. It was built in 2002 and has 7 floors.
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Its amenities include a residents’ fitness center, a 2, 000 square foot landscaped deck and garden, laundry facilities and a garage. The building holds a total of 81, 050 square feet of space.
Located in the Midtown-West area of Manhattan between 8th & 9th ave, the Cameo building has wonderful views, floor-to-ceiling windows and a remodeled interior.
Each of its apartments comes fully furnished with utilities in every room and are available for both short term and long term rentals. There is a 24-hour concierge, video security system and a garage with direct elevator access.
According to the New York Daily News, the Torkian Group plans to complete major upgrades to the building.