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Efficiency Capital Advisors Acquires Multifamily Property In Chelsea, Manhattan For $9.35M

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SOLD
$9,350,000

New York

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MultiFamily9,375 SF
Sold 08/14/2018
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SOLD

Efficiency Capital Advisors Acquires Multifamily Property In Chelsea, Manhattan For $9.35M

445 W 21st St, New York, NY 10011, USA

See Similar Deals
MultiFamily9,375 SF
Sold 08/14/2018
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$997
Total Square Footage:9,375 SF
Transaction Type:Sale

The multifamily property located at 445 W 21st Street in Chelsea, Manhattan has been sold in a closed transaction. The property spans 9,375 square feet and was sold for a total price of $9,350,000. This translates to a price per square foot of $997. The property consists of 10 units, with an average price per unit of $935,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,350,000
  • Property Address: 445 W 21st Street, Chelsea, Manhattan
  • Square Footage: 9,375
  • Price per Square Foot: $997
  • Number of Units: 10
  • Price per Unit: $935,000

The buyer of the property is Efficiency Capital Advisors, represented by William Crable. The seller is the McElduff Family. Michael Sherman from The Manhattes Group acted as the buyer's representative in the deal, while Michael Cuniberti from Houlihan-Parnes Properties represented the seller.

Players

3 deals$37.1M volume
BUYER

Details

SOLD
IMAGE: Michael Sherman and Michael Cuniberti DATE: 8/14/2018 ? ADDRESS: 445 W 21st Street ASSET TYPE: Multifamily MARKET: Chelsea, Manhattan PRICE: $9,350,000 SF: 9,375 PPSF: $997 UNITS: 10 PPU: $935K BUYER: Efficiency Capital Advisors – William Crable SELLER: McElduff Family BUYER’S REP: Michael Sherman, The Manhattes Group (@MichaelSherman87) SELLER’S REP: Michael Cuniberti, Houlihan-Parnes Properties […]

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