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Fairstead Acquires Multifamily Property In Chelsea, Manhattan For $10.8M

Property Image
SOLD
$10,800,000
Joseph (Joe) Koicim
Zan Colin
Lenny Sporn
+ 2

New York

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MultiFamily6,272 SF
Sold 08/09/2022
the dealplayerscompscontact
Property Image
SOLD

Fairstead Acquires Multifamily Property In Chelsea, Manhattan For $10.8M

725 6th Avenue

See Similar Deals
MultiFamily6,272 SF
Sold 08/09/2022
Joseph (Joe) Koicim
Zan Colin
Lenny Sporn
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,721
Total Square Footage:6,272 SF
Transaction Type:Sale

The multifamily property located at 725 6th Ave. in Chelsea, Manhattan was recently sold for a total price of $10,800,000. The property consists of 7 units, with an average price per unit of $1,542,857. The total square footage of the property is 6,272, with an average price per square foot of $1,721.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $10,800,000
  • Units: 7
  • Price Per Unit: $1,542,857
  • Square Footage: 6,272
  • Price Per Square Foot: $1,721
  • Address: 725 6th Ave., Chelsea, Manhattan

Fairstead acquired the property from Simon Abeckaser. The deal was facilitated by the brokers Joe Koicim, Logan Markley, Zan Colin from Marcus & Millichap, and Lenny Sporn from Sporn Group LLC.

Players

Logan Markley
Marcus & Millichap
Logan Markley
70 deals$970.7M volume(212) 430-5194
BROKER
Joseph (Joe) Koicim
Marcus & Millichap
Joseph Koicim
172 deals$2.7B volume(212) 430-5147
BROKER
Lenny Sporn
Sporn Group
Lenny Sporn
11 deals$336.1M volume
BROKER
Zan Colin
Marcus & Millichap
Zan Colin
24 deals$308M volume
BROKER
Fairstead
Fairstead
BUYER
SA
Simon Abeckaser
5 deals$46.8M volume
SELLER

Details

SOLD
IMAGE: Logan Markley, Joe Koicim, Lenny Sporn & Zan Colin DATE: 08/09/2022 ADDRESS: 725 6th Ave. MARKET: Chelsea, Manhattan ASSET TYPE: Multifamily BUYER: Fairstead SELLER: Simon Abeckaser BROKERS: Joe Koicim (@Joey1CAP), Logan Markley (@LoganTMarkley) & Zan Colin (@Zan_Colin) - Marcus & Millichap; Lenny Sporn (@LennySporn) - Sporn Group LLC SALE PRICE: $10,800,000 UNITS: 7 ~ PPU: $1,542,857 SF: 6,272 ~ PPSF: $1,721

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