Maxwelle Real Estate Acquires Chelsea Nightlife Property At 357 West 16th Street For $7.7M

A commercial property located at 357 West 16th Street in Chelsea, Manhattan, has been sold for $7.7 million. The asset encompasses 3,500 square feet and is noted for its location, currently housing La Victoria. The sale reflects a price per square foot of $2,200.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $7,700,000
• Square Footage: 3,500
• Price per Square Foot: $2,200
• Address: 357 West 16th Street
• Market: Chelsea, Manhattan
• Brokers: Brent Glodowski & Lea Voytovich - Avison Young

The transaction was facilitated between shell companies associated with Miami-based Maxwelle Real Estate. The property is situated between The Maritime Hotel and Dream Downtown.