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

Property Image
SOLD
$83,000,000
Brett Siegel
Jean Celestin

New York

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Mixed-use1,150,000 SF
Sold 10/01/2018
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Property Image
SOLD

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

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

See Similar Deals
Mixed-use1,150,000 SF
Sold 10/01/2018
Brett Siegel
Jean Celestin
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$72
Total Square Footage:1,150,000 SF
Transaction Type:Sale

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.

Players

Brett Siegel
Newmark
Brett Siegel
75 deals$6.4B volume(212) 372-0798
BROKER
Jean Celestin
Newmark
Jean Celestin
3 deals$429.3M volume
BROKER
Elion Partners
Elion Partners
BROKERAGE
Elion Partners
Elion Partners
BUYER
Dalan Management
Dalan Management
BUYER
BO
Brodsky Org
SELLER

Details

SOLD
IMAGE: Andrew Wrublin, Danny Wrublin, and Daniel Brodsky (CEO of Brodsky Org) DATE: 10/01/2018 ADDRESS: 102-116 Eighth Avenue CITY: Chelsea, NY ASSET TYPE: Mixed Use PRICE: $83,000,000 / SF: 115K / PPSF: $727 SELLER: Brodsky Org BUYER: Dalan Management Associates and Elion Partners BROKERS: An Eastdil Secured team of Jean Celestin, Dan O’Brien and Brett […]

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Debt Service Coverage Ratio (DSCR)

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