Manish Shah Acquires Multifamily Property In Chelsea For $4.7M

A multifamily property located at 320 West 22nd Street in Chelsea has been sold for a price of $4,700,000. The property consists of 15 units, with a price per unit of $313,333. The total square footage of the property is 8,000, resulting in a price per square foot of $588.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,700,000
• Units: 15
• Price per Unit: $313,333
• Square footage: 8,000
• Price per square foot: $588

The buyer of the property is Manish Shah, and the seller is Patricia Rowell. The transaction was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Logan Markley, and Danny Handweiler from New York Multifamily and Marcus & Millichap NY.