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

Property Image
SOLD
$16,995,000
Joseph (Joe) Koicim
Peter Von Der Ahe
Logan Markley
+ 2

New York

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MultiFamily156,950 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

41 W 24th St, New York, NY 10010, USA

See Similar Deals
MultiFamily156,950 SF
Sold
Joseph (Joe) Koicim
Peter Von Der Ahe
Logan Markley
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$108
Total Square Footage:156950 SF
Transaction Type:Sale

An multifamily property located at 725 6th Ave. in Chelsea, Manhattan has been sold for a price of $10,800,000. The property consists of 7 units and spans across 6,272 square feet. The per unit price stands at $1,542,857, while the price per square foot is $1,721.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,800,000
  • Units: 7
  • Price Per Unit (PPU): $1,542,857
  • Square Feet (SF): 6,272
  • Price Per Square Foot (PPSF): $1,721
  • Market: Chelsea, Manhattan

The buyer of the property is Fairstead, while the seller is Simon Abeckaser. The deal was facilitated by brokers Joe Koicim, Logan Markley, and Zan Colin from Marcus & Millichap, as well as Lenny Sporn from Sporn Group LLC.

Players

Logan Markley
Marcus & Millichap
Logan Markley
67 deals$894.2M volume(212) 430-5194
BROKER
Peter Von Der Ahe
Marcus & Millichap
Peter Von Der Ahe
110 deals$1.4B volume
BROKER
David Lloyd
Marcus & Millichap
David Lloyd
13 deals$275.2M volume
BROKER
Joseph (Joe) Koicim
Marcus & Millichap
Joseph Koicim
167 deals$2.6B volume(212) 430-5147
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 (@Fairstead) SELLER: Simon Abeckaser BROKERS: Joe Koicim (@Joey1CAP), Logan Markley (@LoganTMarkley) & Zan Colin (@Zan_Colin) - Marcus & Millichap (@MarcusMillichap_NY); 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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