Benny Barmapov Acquires Chelsea Retail Property For $9M

A retail property located at 116 10 Avenue in the Chelsea market has been sold. The transaction took place on September 21, 2020, with a sale price of $9,000,000. The property has a total square footage of 3,628 and a price per square foot of $2,480. It is situated on a lot with dimensions of 25 x 100. The buyer of the property is Benny Barmapov, while the seller is Neil Wainland. The zoning for the property is C6-3, and the floor area ratio (FAR) is 1.47. A full demolition permit was obtained on August 27, 2020.

Summary of Transaction Details:

• Property Type: Retail
• Transaction Amount: $9,000,000
• Address: 116 10 Avenue
• Market: Chelsea
• Buyer: Benny Barmapov
• Seller: Neil Wainland
• Zoning: C6-3
• FAR: 1.47

Benny Barmapov, represented by their broker, was the buyer in this transaction. Neil Wainland, represented by their broker, served as the seller. The property also obtained a full demolition permit on August 27, 2020. The price per square foot for this sale was $2,480, with a total square footage of 3,628. The lot dimensions are 25 x 100.