GFP Real Estate Acquires Retail-and-Office Property In Chelsea For $89M

The property at 675 Avenue of the Americas in Chelsea has been sold in a closed transaction. The retail and office asset was sold for $89 million. The loan amount for the deal was $55.2 million. The property spans across 311,000 square feet. The buyer of the property is GFP Real Estate - Gural Family, while the seller is Charles & Channa. The property is located in the vibrant market of Chelsea.

Summary of transaction details

• Property Type: Retail-and-Office
• Transaction Amount: $89 million
• Loan Amount: $55.2 million
• Square Footage: 311,000
• Address: 675 Avenue of the Americas
• Market: Chelsea

The deal involved key individuals and companies. Eric & Jeffrey Gural, @JordyRoeschlaub, and Dustin Stolly were featured in Image 1. Image 2 showcased Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Chris Kramer. The lender for the deal was Signature Bank. The buyer, GFP Real Estate, was represented by the Gural Family. Charles & Channa served as the sellers in this transaction.