Seth Weissman Acquires Multi Family Property In Chelsea, Manhattan For $3.55M

The multi-family property located at 349 West 19 Street in Chelsea, Manhattan has been sold. The transaction took place on December 14, 2021, with a sale price of $3,550,000. The property is zoned as R7B and has a total building square footage (BSF) of 4,191. This results in a price per BSF of $847. The property spans 3,168 square feet, giving a price per square foot (PPSF) of $1,121.

Summary of transaction details:

• Property Type: Multi Family
• Transaction Amount: $3,550,000
• Market: Chelsea, Manhattan
• Zoning: R7B

Seth Weissman was the buyer in this transaction, while Lloyd Nathan acted as the seller. The property has a floor area ratio (FAR) of 2.27 and falls under tax class 1. The lot size is 1,397, and the previous sale price was $4,800,000 on August 11, 2011. The lot dimensions measure 21.83 feet by 64 feet.