Colin Moran Of Abdiel Capital Purchases Multifamily Property From Adam Behlman Of Starwood Property Trust For $13.05M

The asset involved in the transaction is a multifamily property located at 241 West 14th Street in Chelsea, Manhattan. The property spans 7,830 square feet and was sold for a total of $13,050,000, resulting in a price per square foot of $1,667.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,050,000
• Square Footage: 7,830
• Price Per Square Foot: $1,667
• Buyer: Colin Moran - Abdiel Capital
• Seller: Adam Behlman - Starwood Property Trust
• Date of Transaction: 05/14/2026

Colin Moran's Abdiel Capital is the buyer of the multifamily property, while Adam Behlman’s Starwood Property Trust is the seller. This transaction underlines the active involvement of both parties in the Manhattan real estate market, particularly in the Chelsea area.