Manish Shah Acquires Multifamily Property In Chelsea For $4.7M

Located in the desirable neighborhood of Chelsea, the multifamily property at 320 West 22nd Street recently changed hands in a closed transaction. The property offers a total of 15 units, providing ample living space for the residents. With a sale price of $4,700,000, the property has an average price per unit of $313,333. Spanning across 8,000 square feet, the property boasts a price per square foot of $588. The transaction took place on December 31, 2020.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $4,700,000
• Property Address: 320 West 22nd Street
• Market: Chelsea

The buyer of the property is Manish Shah, while Patricia Rowell acted as the seller. The transaction was facilitated by the team of brokers including Peter Von Der Ahe, Joe Koicim, Logan Markley, and Danny Handweiler from New York Multifamily at Marcus & Millichap. These skilled professionals played a pivotal role in connecting the buyer and seller, ensuring a smooth and successful transaction.