Updated Jan 19, 2026
Eran Silverberg Of SME Capital Ventures Acquires Industrial Property In Chelsea For $46.18M
541 West 21st Street
$46,181,250
$707/SF
Building Size
65,307 SF
Asset Type
Industrial
Closing
Dec 29, 2025
About this deal
AI
An industrial property located at 541 West 21st Street in Chelsea, Manhattan was sold for $46,181,250. The property encompasses 65,307 square feet, resulting in a price per square foot of $707. The transaction closed on December 29, 2025, with Alan Nisselson as the seller.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $46,181,250
- Address: 541 West 21st Street
- Market: Chelsea, Manhattan
- Buyer: Eran Silverberg - SME Capital Ventures
- Seller: Alan Nisselson
- Square Footage: 65,307
- Price per Square Foot: $707
- Sale Date: December 29, 2025
Eran Silverberg, representing SME Capital Ventures, successfully acquired the property from Alan Nisselson in this transaction. The deal highlights the involvement of significant individuals in the property acquisition landscape.
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Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93