Vital Zaret Purchases Retail Property At 505 West 19th Street Chelsea From First Bank For $5.25M

The property asset involved in this transaction is a retail space located at 505 West 19th Street in Chelsea, Manhattan. The sale price for this asset was $5,250,000, and it encompasses a total square footage of 6,869, resulting in a price per square foot of $764.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,250,000
• Address: 505 West 19th Street
• Market: Chelsea, Manhattan
• Square Footage: 6,869
• Price per Square Foot: $764
• Buyer: Vital Zaret
• Seller: First Bank
• Brokers: Andreas Efthymiou, Stephen R. Preuss Sr., Charles Schirrmeister, Gene Spiegelman, Jeffrey Rosbash, Doug Kleiman & Morgan Singer - Ripco

The transaction involved several key individuals and brokers representing both parties. The brokers from Ripco who facilitated the sale include Andreas Efthymiou, Stephen R. Preuss Sr., Charles Schirrmeister, Gene Spiegelman, Jeffrey Rosbash, Doug Kleiman, and Morgan Singer. This collective effort highlights the collaborative nature of the real estate market within the Chelsea region.