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Mixed Use

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176 7th Avenue

Updated Sep 4, 2026

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Tahari Capital Acquires Mixed-use Property In Chelsea Manhattan For $3,400,000 With Kieran Baker As The Broker
SOLDMixed-use

Tahari Capital Acquires Mixed-use Property In Chelsea Manhattan For $3,400,000 With Kieran Baker As The Broker

176 7th Avenue

$3,400,000

$870/SF

Building Size

3,906 SF

Asset Type

Mixed-use

Closing

Aug 12, 2026

About this deal

AI

The property involved in this transaction is a mixed-use asset located at 176 7th Avenue in Chelsea, Manhattan. The sale price was $3,400,000, covering a total of 3,906 square feet. The asset comprises one commercial unit and six residential units, resulting in a price per unit of $485,714 and a price per square foot of $870.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,400,000
  • Units: 7
  • Address: 176 7th Avenue
  • Market: Chelsea, Manhattan
  • Square Footage: 3,906
  • Price Per Unit: $485,714
  • Price Per Square Foot: $870
  • Buyer: Tahari Capital
  • Seller: Michelle Galasso
  • Broker: Kieran Baker - Cushman & Wakefield

The deal was executed by the buyer group consisting of Jeremey Tahari, Jake Croman, Jack Nelson, Noam Aziz, and Brandon Oberfeld, representing Tahari Capital in this transaction. Kieran Baker from Cushman & Wakefield acted as the broker facilitating the sale between the buyer and the seller, Michelle Galasso.

Players

Kieran Baker

Cushman & Wakefield

Broker

$105.9M

vol

19 deals

Broker
Jeremey Tahari

Jeremey Tahari

Tahari Capital

Buyer

$62.9M

vol

17 deals

Buyer

Michelle Galasso

Seller

$6.8M

vol

2 deals

Seller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $870 per square foot on a published $3.4M for 3,906 square feet (2026).

Visit Jeremey Tahari to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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