Stone Street Properties Acquires Property At 151 8th Ave New York For $18.4M With Rep Billy Simons

151 8th Ave is a five-story mixed-use building located in Chelsea, New York, NY, 10011. The property was purchased for $18,400,000.00. It features 16 apartments and two retail units, contributing to its mixed-use designation. The building is situated between West 17th and 18th streets.

Summary of transaction details:

• Property Type: Mixed-Use Building
• Transaction Amount: $18,400,000.00
• Location: 151 8th Ave, New York, NY, 10011
• Market: New York
• Seller: Roy Savelli
• Buyer: Stone Street Properties
• Seller's Representatives: Billy Simons (Cushman & Wakefield), Brock Emmetsburger (B6 Real Estate Advisors), Rachel Aschendorf (Cushman & Wakefield)

The transaction was facilitated by the efforts of Roy Savelli, the seller who operates an aeronautically themed bar named Flight 151 on the ground floor of the building. Stone Street Properties is the new owner of the property, acquiring it through representation by multiple real estate professionals from Cushman & Wakefield and B6 Real Estate Advisors.