Terrence Lowenberg Sells Multifamily Property At 446-450 West 19th Street For $25.75M

The asset involved in this transaction is a multifamily property located at 446-450 West 19th Street in Chelsea, Manhattan. The sale occurred at a price of $25,750,000, with a total square footage of 26,197, resulting in a price per square foot of $982.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,750,000
• Address: 446-450 West 19th Street
• Market: Chelsea, Manhattan
• Square Footage: 26,197
• Price per Square Foot: $982
• Seller: Terrence Lowenberg
• Broker: Joseph Koicim, Logan Markley & Paige DeMutis - Marcus & Millichap
• Building Status: 100% occupied at the time of sale

The brokers for this transaction, Joseph Koicim, Logan Markley, and Paige DeMutis from Marcus & Millichap, have extensive experience in the New York City multifamily and mixed-use property market. Their team is currently engaged with repeat international and foreign capital groups interested in establishing long-term positions in such properties.