Asim Rashid Acquires Mixed-Use Property In Chelsea For $4M

Located in the vibrant Chelsea neighborhood of New York City, a mixed-use property at 50 West 27th St. recently changed hands in a sale transaction. The deal was finalized on 10/05/2021.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,000,000
• Address: 50 West 27th St.
• Market: Chelsea

Asim Rashid acquired the property from Arnold Morak, with the assistance of Tom Brady from aprateNYC at Douglas Elliman. The property consists of approximately 5,181 square feet, with a price per square foot of $772.

The transaction highlights the significance of collaboration between buyers, sellers, and brokers in the New York City real estate market. Asim Rashid, the buyer, recognized the value and potential of the mixed-use property, while Arnold Morak, the seller, seized the opportunity to monetize their investment. Tom Brady, representing aprateNYC at Douglas Elliman, facilitated a smooth and successful transaction. This deal showcases the expertise and professionalism of these key individuals and their commitment to providing exceptional real estate services in the Chelsea area.