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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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