Jeffrey Kaplan Acquires 218 West 18 Street Office In Chelsea, Manhattan For $170M

An office property located at 218 West 18 Street in Chelsea, Manhattan has been sold in a closed transaction. The property is zoned as C6-2A and has a gross square footage (BSF) of 64,865. The price for this transaction was $170,000,000, with a price per BSF (PPBSF) of $2,621. The total square footage (SF) of the property is 167,210, resulting in a price per square foot (PPSF) of $1,017. The property has a floor area ratio (FAR) of 15.52 and falls under tax class 4. The lot size is 10,775 square feet, and the last recorded sale price was $174,700,000 on November 10, 2017. The lot dimensions measure 100 feet by 142.5 feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $170,000,000
• Market: Chelsea, Manhattan
• Buyer: Jeffrey Kaplan
• Seller: Kevin A Hoover

Jeffrey Kaplan acted as the buyer in this transaction, while Kevin A Hoover represented the seller as their broker. This closed deal represents a significant transaction in the Chelsea, Manhattan market.