Ross Walker & Karan Suri Acquire Chelsea Dormitory From The New School

The dormitory located at 300 West 20th Street in Chelsea, Manhattan was sold in a transaction involving the buyer, Ross Walker & Karan Suri of Hawkins Way Capital, and the seller, The New School. The property comprises 122 units with a sale price of $30,000,000, translating to a per unit price of $245,902. Spanning 40,000 square feet, the sale equated to a price per square foot of $750.

Summary of transaction details:

• Property Type: Dormitory
• Transaction Amount: $30,000,000
• Units: 122
• SF: 40,000
• PPU: $245,902
• PPSF: $750
• Address: 300 West 20th Street, Chelsea, Manhattan
• Market: Chelsea, Manhattan

The deal was facilitated by brokers Daniel Kaplan, Doug Middleton & Jack Stillwagon from CBRE. Ross Walker and Karan Suri of Hawkins Way Capital acted as the buyers in this transaction, while The New School served as the seller. This acquisition adds to Hawkins Way Capital's portfolio in the Chelsea area, showcasing their strategic investment initiatives in the real estate market.