Toll Brothers City Living Acquires Development Site In Chelsea For $53 Million

The property involved in this transaction is a development site located at 118 10th Avenue in the Chelsea market of Manhattan. It was sold for $53,000,000, encompassing a building square footage of 85,000, which equates to a price per square foot of $623.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $53,000,000
• Building Square Footage: 85,000
• Price per Square Foot: $623
• Address: 118 10th Avenue
• Market: Chelsea
• Buyer: Toll Brothers City Living
• Seller: Benny Barmapov
• Broker Representatives: Michael Hunter Coghill, Chad Sinsheimer & Brittany Feinberg - Adirondack Capital Partners

Adirondack Capital Partners acted as the exclusive advisor in this transaction, facilitating the successful sale of the property within the highly sought-after West Chelsea submarket of Manhattan.