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

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.