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Pacific Urban Investors Acquires 213-Unit Condo In Chelsea, Manhattan For $183M From Related Companies

Property Image
SOLD
$183,000,000
Stephen Ross
Jeff Blau
Alfred Pace
+ 1

New York

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Condo213 SF
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Property Image
SOLD

Pacific Urban Investors Acquires 213-Unit Condo In Chelsea, Manhattan For $183M From Related Companies

125 W 14th St New York, NY 10011, USA

See Similar Deals
Condo213 SF
Sold
Stephen Ross
Jeff Blau
Alfred Pace
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$859154
Total Square Footage:213 SF
Transaction Type:Sale

A 213-unit rental condominium located at 125 West 14th Street in Manhattan's Chelsea neighborhood has been sold for $183 million. The property, a condo, was acquired by Pacific Urban Investors from Related Companies Orda Management via Armory Place LLC.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $183,000,000
  • Market: Chelsea, Manhattan
  • Address: 125 West 14th Street
  • Buyer: Pacific Urban Investors - Alfred Pace
  • Seller: Related Companies - Stephen Ross, Jeff Blau & Bruce Beal Orda Management
  • Units: 213
  • Price per Unit: $859,155

Pacific Urban Investors, represented by Alfred Pace, successfully closed the deal for the 213-unit rental condominium at 125 West 14th Street. The sale was completed with the involvement of Stephen Ross, Jeff Blau, and Bruce Beal from the Related Companies, as well as Orda Management. The acquisition of this property marks a significant investment for Pacific Urban Investors in the desirable Chelsea neighborhood of Manhattan.

Players

Alfred Pace
Pacific Urban Investors
Alfred Pace
11 deals$1.2B volume
BUYER
Stephen Ross
Stephen Ross
43 deals$5.1B volume
SELLER
Jeff Blau
Jeff Blau
25 deals$2B volume
SELLER
Bruce Beal
Related Companies
Bruce Beal
5 deals$453.1M volume
SELLER

Details

SOLD
IMAGE: Stephen Ross, Jeff Blau, Alfred Pace & Bruce Beal DATE: 08/08/2023 ADDRESS: 125 West 14th Street MARKET: Chelsea, Manhattan ASSET TYPE: Condo BUYER: Pacific Urban Investors - Alfred Pace SELLER: Related Companies - Stephen Ross, Jeff Blau & Bruce Beal Orda Management SALE PRICE: $183,000,000 UNITS: 213 ~ PPU: $859,155 NOTE: Pacific Urban Investors acquired a 213-unit rental condominium at 125 West 14th Street in Manhattan's Chelsea neighborhood for $183 million from Related Companies Orda Management via Armory Place LLC.

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