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:
- Property Type: Multifamily
- Transaction Amount: $4,025,000
- Address: 515 West 27th Street
- Market: Chelsea, Manhattan
- Seller: Grieco Family
- Sale Date: 5/5/2026
- Broker Representation: David Schechtman, Jonathan Schwartz & Henry Barnathan - Meridian Capital Group
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
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