River Tuti LLC Acquires Office Property In Chelsea For $7.55M

Located in the vibrant neighborhood of Chelsea, the office property at 340 West 23rd Street has been sold in a closed transaction. The buyer, River Tuti LLC represented by Mohammed Badaly, acquired the property from Clement Clark Stribling LLC, represented by Elizabeth Stribling. The transaction was completed on March 6, 2020, for a total price of $7,550,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $7,550,000
• Address: 340 West 23rd Street
• Market: Chelsea

The office building spans across 5,603 square feet of space, resulting in a price per square foot of $1,356. It consists of three separate units, with a price per unit of $2,533,333.

This transaction highlights the successful collaboration between River Tuti LLC, represented by Mohammed Badaly, and Clement Clark Stribling LLC, represented by Elizabeth Stribling. The property's prime location in Chelsea, known for its thriving commercial and cultural scene, makes it an attractive investment opportunity.