Raghsa Real Estate Acquires Office Building From Vornado Realty Trust For $205M In Chelsea

The property asset involved in this transaction is an office space located at 512 West 22nd Street, in Chelsea, Manhattan. The sale price for the property was $205,000,000, encompassing a total area of 172,000 square feet, which translates to a price per square foot of $1,191.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $205,000,000
• Address: 512 West 22nd Street
• Market: Chelsea, Manhattan
• Square Footage: 172,000
• Price Per Square Foot: $1,191
• Buyer: Raghsa Real Estate
• Buyer Representatives: Edgardo Khafif, Isaac Khafif & Adam Smith
• Seller: Vornado Realty Trust
• Seller's Representatives: Gary Phillips, Will Silverman, Jeff Organisciak & Alana Bassen - Eastdil Secured

The key individuals involved in this transaction include the representatives for the buyer, Edgardo Khafif, Isaac Khafif, and Adam Smith, alongside the seller's representatives Gary Phillips, Will Silverman, Jeff Organisciak, and Alana Bassen from Eastdil Secured. Their collaborative efforts facilitated this significant deal in the Manhattan market.