Tauber Family Sells Class B Multiple Dwelling At 246 West 21st Street For $2.6M

The property asset involved in this transaction is a Class B Multiple Dwelling located at 246 West 21st Street in the Chelsea market. The sale price was $2,600,000 for a total of 28 units, resulting in a price per unit of $92,857. The building encompasses a total square footage of 5,250, equating to a price per square foot of $495.

Summary of transaction details:

• Property Type: Class B Multiple Dwelling
• Transaction Amount: $2,600,000
• Address: 246 West 21st Street
• Market: Chelsea
• Units: 28
• Price Per Unit: $92,857
• Square Footage: 5,250
• Price Per Square Foot: $495
• Seller: Tauber Family
• Brokers: Jim Mann - Friedman-Roth Realty, Aaron Shirazi & Jared Minc - Building Equity Management

The deal was facilitated by brokers Jim Mann representing Friedman-Roth Realty, alongside Aaron Shirazi and Jared Minc who represented Building Equity Management. These individuals played a crucial role in the successful closing of this real estate transaction.