Laura Kornhauser Acquires Multifamily Property In Chelsea For $6.8M

The property at 408 West 20th Street in Chelsea was recently sold in a transaction. The multifamily asset is zoned as R7B and R8 and has a lot size of 2,227 square feet, with dimensions of 21.42 ft x 104 ft. The property's total square footage is 4,409. The transaction date for this sale was on February 16, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,800,000

Laura Kornhauser was the buyer in this transaction, while Harry M Azorin was the seller. The price for this sale was $6,800,000, with a building square footage (BSF) of 6,681 and a price per building square footage (PPBSF) of $1,017. Additionally, the property's total square footage (SF) is 4,409, with a price per square footage (PPSF) of $1,542. The property's floor area ratio (FAR) is 1.98, and its tax class is 1.