Capstone Equities Acquires Office Asset In Chelsea Manhattan From Corem For $80.1M

The asset involved in this transaction is an office property located at 205 West 28th Street in the Chelsea market of Manhattan. The sale price has been recorded at $80,100,000 for a total area of 100,000 square feet, resulting in a price per square foot of $801.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $80,100,000
• Address: 205 West 28th Street
• Market: Chelsea, Manhattan
• Square Footage: 100,000
• Price per Square Foot: $801
• Buyer: Capstone Equities
• Seller: Corem - Rutger Arnhult
• Brokers: Adam Spies, Adam Doneger, Douglas Harmon, Marcella Fasulo, Joshua King & Avery Silverstein - Newmark

The transaction involved Capstone Equities as the buyer and Corem, represented by Rutger Arnhult, as the seller. The deal was facilitated by brokers from Newmark, including Adam Spies, Adam Doneger, Douglas Harmon, Marcella Fasulo, Joshua King, and Avery Silverstein.