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515 West 27th Street

Grieco Family Sells Multifamily Asset At 515 West 27th Street For $4.025M
SOLDMultiFamily

Grieco Family Sells Multifamily Asset At 515 West 27th Street For $4.025M

515 West 27th Street

$4,025,000

$326/SF

Building Size

12,347 SF

Asset Type

MultiFamily

Closing

May 4, 2026

AI

The asset involved in this transaction is a multifamily property located at 515 West 27th Street in Chelsea, Manhattan. The sale price of the property was $4,025,000, and it has a total square footage of 12,347, resulting in a price per square foot of $325.

Summary of transaction details:

Meridian Capital Group facilitated the transaction, representing the seller, Grieco Family. The brokers involved in this deal were David Schechtman, Jonathan Schwartz, and Henry Barnathan, who are acknowledged in the promotion of the property's successful sale.

Players

David Schechtman

Meridian Capital Group

Broker

$1.8B

vol

68 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.94%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93