Feil Organization & Peter Armstrong Acquires Office Building In Chelsea For $72.1M

The office building located at 516-530 West 25th Street in Chelsea has been sold in a closed transaction for a price of $72,125,000. Spanning across 95,000 square feet, this property boasts a price per square foot of $759. The sale involved the seller, The Brown Family, representing The Brown Company, and the buyer, The Feil Organization and Peter Armstrong of Rigby Management.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $72,125,000
• Address: 516-530 West 25th Street
• Market: Chelsea
• Square Footage: 95,000
• Price per Square Foot: $759

The transaction was facilitated by brokers Robert Khodadadian and Daniel Shirazi of Skyline Properties, representing both the buyers and sellers involved in the deal.