Gary Spindler's Park-It Management Acquires Industrial Building In Chelsea For $4.85M

Park-It Management and Gary Spindler's Chelsea W 20 LLC have acquired the industrial building located at 148 West 20th Street in Chelsea, Manhattan. The property, known as G1, was sold by Hugh Heller's Servwel Garage Company L.L.C. for a purchase price of $4.8 million. The industrial building offers a total square footage of 20,215 and a price per square footage of $240.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $4,850,000
• Address: 148 West 20th Street, Chelsea, Manhattan
• Market: Chelsea, Manhattan
• Buyer: Gary Spindler - Park-It Management
• Seller: Hugh Heller - Servwel Garage Company L.L.C.
• BSF: 32,072
• PPBSF: $151
• SF: 20,215
• PPSF: $240

Gary Spindler, representing Park-It Management and Chelsea W 20 LLC, finalized the purchase of the industrial building at 148 West 20th Street in Chelsea, Manhattan. Meanwhile, Hugh Heller represented his company, Servwel Garage Company L.L.C., as the seller in the transaction.