Jung Ho Park Acquires Hotel Building On 7th Avenue In Chelsea For $5M | 297 7th Avenue | Hotel | Sale

Summary

Sale

NEW YORK

Hotel

4,800 sqft

A hotel building located at 297 Seventh Avenue in Chelsea, Manhattan has been sold in a transaction. The property, known as H9, was purchased by Jung Ho Park, operating through Alea Partners NY LLC, for a total of $5 million. The seller of the hotel building was So Young Shin's entity, Le Rouge Graine LLC.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $5,000,000
Address: 297 Seventh Avenue
Market: Chelsea, Manhattan
Buyer: Jung Ho Park (represented by Alea Partners NY LLC)
Seller: So Young Shin (represented by Le Rouge Graine LLC)

Jung Ho Park, through Alea Partners NY LLC, acquired the hotel building at 297 Seventh Avenue from So Young Shin's entity, Le Rouge Graine LLC. The transaction was completed for a price of $5 million.

Details

Deal Summary

SOLD

IMAGE: 11/22/2023 ADDRESS: 297 7th Avenue MARKET: Chelsea, Manhattan ASSET TYPE: Hotel BUYER: Jung Ho Park SELLER: So Young Shin SALE PRICE: $5,000,000 BSF: 23,390 ~ PPBSF: $214 SF: 4,800 ~ PPSF: $1,042 NOTE: Jung Ho Park, operating through Alea Partners NY LLC, has acquired the hotel building (H9) at 297 Seventh Avenue in Chelsea, Manhattan, from So Young Shin's entity, Le Rouge Graine LLC, for $5 million.

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Address297 7th Avenue

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