Davis Companies Acquires Dev. Site In Chelsea For $36.5M From Seller Abraham Moshel

An undisclosed buyer, represented by Lipa Lieberman, David Schechtman, and Abie Kassin of Meridian Investment Sales, has acquired a development site in Chelsea. The property, located at 165 W. 29th St. and 155 W. 29th St., was sold by Abraham Moshel of Amush Enterprises LLC for a total of $36,500,000. The transaction was finalized on April 1, 2021, and the property is expected to undergo full demolition, as indicated by permits filed in June 2020.

Summary of transation details

• Property Type: Dev. Site
• Transaction Amount: $36,500,000
• Address: 165 W. 29th St. & 155 W. 29th St., Chelsea
• Market: Chelsea
• Buyer: Davis Companies
• Seller: Abraham Moshel - Amush Enterprises LLC
• Brokers: Lipa Lieberman, David Schechtman & Abie Kassin - Meridian Investment Sales
• Permits Filed: Full demo (06/2020)

Davis Companies, the acquiring party, entrusted Lipa Lieberman, David Schechtman, and Abie Kassin of Meridian Investment Sales to represent them in the deal. The sellers of the property were represented by Abraham Moshel of Amush Enterprises LLC. The transaction marks a significant investment in the development site within the Chelsea market.