514w24 LLC Acquires Condo In Chelsea From Michael Stern - JDS Development Group For $11.5M

The condominium located at 514 West 24th Street in Chelsea has been sold for a transaction amount of $11,500,000. The property spans a total square footage of 5,117, resulting in a price per square foot of $2,247. The condo is situated on a lot with dimensions of 75 ft x 98.75 ft, offering a sizable space for its new owner.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $11,500,000
• Square Footage: 5,117
• Price Per Square Foot: $2,247
• Address: 514 West 24th Street, Chelsea
• Lot Size: 7,406
• Lot Dimensions: 75 ft x 98.75 ft

The buyer, 514w24 LLC, has acquired the property from the seller, Michael Stern of JDS Development Group. The transaction was facilitated under the representation of Michael Stern's broker at JDS Development Group. The property, situated in a C6-2A and WCH zoning area, has a floor area ratio (FAR) of 7.16 and falls under tax class 2.