Dalan Management Associates And Elion Partners Acquire Mixed Use Property In Chelsea, NY For $83M

102 8th Ave, New York, NY 10011, USA

$83,000,000

$72/SF

Building Size

1,150,000 SF

Asset Type

Mixed-use

Closing

Sep 30, 2018

AI

Dalan Management Associates and Elion Partners have acquired a mixed-use property located at 102-116 Eighth Avenue in Chelsea, NY for a total price of $83,000,000. The property spans a total of 115,000 square feet and has a price per square foot of $727. The transaction was completed on 10/01/2018. The seller of the property was Brodsky Org.

Summary of transaction details

Property Type: Mixed Use
Transaction Amount: $83,000,000
Address: 102-116 Eighth Avenue, Chelsea, NY
Square Footage: 115,000
Price per Square Foot: $727
Date: 10/01/2018
Seller: Brodsky Org
Buyer: Dalan Management Associates and Elion Partners

The acquisition was facilitated by an Eastdil Secured team consisting of Jean Celestin, Dan O’Brien, and Brett [...]. They represented the buyer in the transaction.

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