Zar Property NY Acquires Office Building At 118 West 22nd Street For $28 Million

The asset involved in this transaction is an office building located at 118 West 22nd Street in Chelsea, Manhattan. The property encompasses a total area of 89,389 square feet and was sold for $28,000,000, resulting in a price per square foot of $313.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $28,000,000
• Square Footage: 89,389
• Price per Square Foot: $313
• Buyer: David Zar, Dario Zar, Jonathan Zar & Julian Zar - Zar Property NY
• Seller: Jeffrey Gural - GFP Real Estate

Zar Property NY, through W 22 LLC, facilitated the acquisition of the property from Adlie Associates, indicating a significant transaction within the Chelsea market.