Joseph Seidenfeld Of Timber Equities Acquires Church In Chelsea From Roman Catholic Church For $48.25M

The asset involved in this transaction is a church located at 343 West 25th Street & 329 West 25th Street, in the Chelsea neighborhood of Manhattan. The sale was completed for a total price of $48,250,000, with a total square footage of 7,925 and a price per square foot of $6,088.

Summary of transaction details:

• Property Type: Church
• Transaction Amount: $48,250,000
• Buyer: Joseph Seidenfeld - Timber Equities
• Seller: Roman Catholic Church of Guardian Angel
• Market: Chelsea, Manhattan

Joseph Seidenfeld acted on behalf of Timber Equities in this transaction, indicating the company’s intention to develop the acquired properties into ground-up residential or community facilities. The deal marks a significant acquisition from the Roman Catholic Church of Guardian Angel, reflecting a strategic move within the Manhattan market.