Yiannes Einhorn & Hal Einhorn Acquire Development Site In Chelsea For $31M

A development site located at 142 West 21st St. in Chelsea has been sold for a price of $31,000,000. The site, which spans a lot size of 89 ft x 92 ft, is classified as a development site with a zoning designation of C6-3A. The transaction took place on 08/25/2021.

Summary of transaction details:

• Property Type: Development Site 🏗
• Transaction Amount: $31,000,000
• Address: 142 West 21st St.
• Market: Chelsea
• Zoning: C6-3A

The buyers of the property are Yiannes Einhorn and Hal Einhorn, who are affiliated with Grid Group. The sale price equates to a Building Square Footage (BSF) of 61,574 and a Price per BSF (PPBSF) of $503. The property has a total square footage (SF) of 16,376, with a Price per Square Foot (PPSF) of $1,893.