Torkian Group Acquires Mixed-Use Property In Chelsea, Manhattan For $7.2M

A mixed-use property located at 304 Eighth Avenue in Chelsea, Manhattan has been sold for a price of $7,200,000. The property spans an area of 6,361 square feet and the price per square foot is $1,132. The building has a total of 14,851 buildable square feet, resulting in a price per buildable square foot of $485. The transaction took place on February 15, 2023.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $7,200,000
• Address: 304 Eighth Avenue, Chelsea, Manhattan
• Market: Chelsea, Manhattan

The buyer of the property is the Torkian Group, represented by Hersel Torkian. The sellers are Nicholas Stroghilas, Robert Macropoulos, Helen Macropoulos, and John Macropoulos. The transaction was facilitated by Bijan Oheb. The Hersel Torkian Group has acquired the property in this deal.