Wang Family Purchases Mixed-Use Property At 94 8th Avenue From Albert Rabizadeh For $3.9M

A mixed-use asset located at 94 8th Avenue in the Chelsea market of Manhattan was sold. The transaction was concluded for a price of $3,900,000, involving 2 units with a price per unit of $1,950,000. The total square footage of the property is 2,850, resulting in a price per square foot of $1,368.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,900,000
• Units: 2
• Price Per Unit: $1,950,000
• Square Footage: 2,850
• Price Per Square Foot: $1,368
• Buyer: Wang Family
• Seller: Albert Rhamizadeh
• Broker: Josh Goldflam - Highcap Group

This transaction involved the buyer, Wang Family, acquiring the property from the seller, Albert Rhamizadeh, with the broker Josh Goldflam representing the seller throughout the deal. The transaction highlights the prime location in West Chelsea, adjacent to the Meatpacking District.