Silvera Properties Acquires Retail Building In Chelsea, Manhattan For $24.5M

Silvera Properties, represented by David Levine, has acquired the retail building located at 533 West 27th Street in Chelsea, Manhattan. The property was sold by Extell Development, with Marc Kwestel as their representative, for a total of $24.5 million. The retail building spans 31,106 square feet and has a price per square foot of $788. The total building square footage is 78,012, with a price per building square foot of $314.

Summary of Transaction Details:

• Property Type: Retail
• Transaction Amount: $24,500,000
• Address: 533 West 27th Street, Chelsea, Manhattan
• Market: Chelsea, Manhattan

Silvera Properties, led by David Levine, made the acquisition of the retail building at 533 West 27th Street from Extell Development, represented by Marc Kwestel, for $24.5 million. This transaction marks an important deal in the Chelsea real estate market, further solidifying Silvera Properties' presence in the area.