JBA Equities Acquires Office Building In West Chelsea For $1.6M, Represented By Jonathan Aghravi & Charles Han

The office property located at 541-545 West 21st Street in West Chelsea was recently sold in a closed transaction. The property spans an area of 3,750 square feet and was sold for a sale price of $1,600,000. The price per square foot for this transaction was $426. The asset is owned by landlord Erbo Properties, specifically Erno Bodek. The property was listed by JBA Equities, with Jonathan Aghravi and Charles Han serving as the brokers for the deal. The property was sold for a price lower than the asking price of $1,850,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $1,600,000
• Square Footage: 3,750
• Price per Square Foot: $426
• Address: 541-545 West 21st Street
• Market: West Chelsea
• Landlord: Erbo Properties – Erno Bodek
• Brokers: JBA Equities – Jonathan Aghravi & Charles Han

The transaction involved G4 Capital Partners as the lender providing funds for the sale of the office property in West Chelsea. This deal signifies the investment and purchasing activities in the West Chelsea office market.