JAM & Members LLC Acquires MultiFamily Property In Chelsea, Manhattan For $10.7M

A former carriage house located at 313 W. 20th St. in Manhattan's Chelsea neighborhood has been sold for $10.7 million. The two-family property was sold by Scott and Rachel Solasz to JAM & Members LLC. The transaction took place on August 23, 2023. The property is known for its rich history and unique architectural features.

Summary of transation details

• Property Type: MultiFamily
• Transaction Amount: $10,700,000
• Address: 313 West 20th Street, Chelsea, Manhattan
• Market: Chelsea, Manhattan
• Buyer: JAM & Members LLC
• Seller: Scott Solasz & Rachel Solasz
• Broker: Jim St. André - Compass

The buyer, JAM & Members LLC, completed the acquisition with the assistance of their representative broker, Jim St. André from Compass. The deal exemplifies the demand for unique properties in the Chelsea neighborhood. Both the buyer and seller recognized the potential and value associated with the property, leading to a successful transaction.