Harriet Brand Sells Chelsea Multifamily At 449 West 22nd Street For $6.3M

The property asset involved in the transaction is a multifamily building located at 449 West 22nd Street in Chelsea, Manhattan. The sale price for the property was $6,300,000, and it encompasses a total of 5,575 square feet, resulting in a price per square foot of $1,130. The cap rate for this transaction was noted at 4.9%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,300,000
• Address: 449 West 22nd Street
• Market: Chelsea, Manhattan
• Square Footage: 5,575
• Price Per Square Foot: $1,130
• Cap Rate: 4.9%
• Seller: Harriet Brand
• Brokers: Mitchell Levine, Ryan McGuirl - Avison Young & Ariel Cohen - Douglas Elliman

The deal was facilitated by a team of brokers, including Mitchell Levine and Ryan McGuirl from Avison Young, along with Ariel Cohen from Douglas Elliman, playing crucial roles in the transaction process representing the seller.