Ann Long Acquires Mixed-Use Property In Chelsea For $6.48M

The mixed-use property located at 220 West 16th Street in Chelsea has been sold for a total of $6,480,000. The property spans across 6,250 square feet and has a price per square foot of $1,037. The property consists of 9 units, including 5 residential units, 3 rental units, and 1 commercial unit. The purchase price per unit amounts to $720,000. The sellers of the property were Enza Lent and Dara Gorey, while the buyer was Ann Long. The deal was facilitated by broker Alan Stenson from Brax Realty NYC.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $6,480,000
• Address: 220 West 16th Street
• Market: Chelsea
• Square footage: 6,250
• Price per square foot: $1,037
• Units: 9 (5 FM / 3 RS / 1 COMM)
• Purchase price per unit: $720,000

This transaction marks the transfer of ownership of the property from Enza Lent and Dara Gorey to Ann Long. Alan Stenson, representing Brax Realty NYC, played a key role as the broker in this deal. The property has had the same family ownership for a significant period of time.