Pacific Urban Investors Acquires Multifamily Property In Chelsea, Manhattan For $185M

A multifamily property located at 130 West 15th Street in Chelsea, Manhattan has been sold for a total price of $185,000,000. The property spans over 147,000 square feet, resulting in a price per square foot of $1,259. This transaction took place on 08/07/2023.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $185,000,000
• Address: 130 West 15th Street
• Market: Chelsea, Manhattan
• Buyer: Pacific Urban Investors
• Seller: Related Companies
• Brokers: Adam Doneger, Adam Spies, Avery Silverstein, Marcella Fasulo, Douglas Harmon, and Joshua King - Newmark

The buyer of the property is Pacific Urban Investors, while the seller is Related Companies. The deal was facilitated by brokers Adam Doneger, Adam Spies, Avery Silverstein, Marcella Fasulo, Douglas Harmon, and Joshua King from Newmark. These individuals played a key role in the successful completion of the transaction.