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

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

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,800,000
• Address: 725 6th Ave
• Market: Chelsea, Manhattan

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