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Manish Shah Acquires Multifamily Property In Chelsea For $4.7M

342 West 21st Street
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This MultiFamily property located in NY was sold for $7,492,500 over 6 years ago. The brokers of the deal were Joseph (Joe) Koicim, David Lloyd, Peter Von Der Ahe, and Logan Markley

Located in the desirable neighborhood of Chelsea, the multifamily property at 320 West 22nd Street recently changed hands in a closed transaction. The property offers a total of 15 units, providing ample living space for the residents. With a sale price of $4,700,000, the property has an average price per unit of $313,333. Spanning across 8,000 square feet, the property boasts a price per square foot of $588. The transaction took place on December 31, 2020.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,700,000
  • Property Address: 320 West 22nd Street
  • Market: Chelsea

The buyer of the property is Manish Shah, while Patricia Rowell acted as the seller. The transaction was facilitated by the team of brokers including Peter Von Der Ahe, Joe Koicim, Logan Markley, and Danny Handweiler from New York Multifamily at Marcus & Millichap. These skilled professionals played a pivotal role in connecting the buyer and seller, ensuring a smooth and successful transaction.

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Deals
  • Location
    342 W 21st St, New York, NY 10011, USA342 W 21st St, New York, NY 10011, USA
  • Sale Price
    $7,492,500$7,492,500
    $764 PPSF$764 PPSF
  • Area
    9,800 SF9,800 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Joseph (Joe) Koicim

Joseph (Joe) Koicim

Deals122
Financed$2B

David Lloyd

David Lloyd

Deals13
Financed$155.2M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Deal Summary

SALE IMAGE: Peter Von Der Ahe, Joe Koicim, Logan Markley, Danny Handweiler DATE: 12/31/2020 ADDRESS: 320 West 22nd Street MARKET: Chelsea ASSET TYPE: Multifamily BUYER: Manish Shah SELLER: Patricia Rowell BROKERS: Peter Von Der Ahe, Joe Koicim, Logan Markley & Danny Handweiler @NewYorkMultifamily @MarcusMillichap_NY PRICE: $4,700,000 UNITS: 15 ~ PPU: $313,333 SF: 8,000 ~ PPSF: $588

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342 West 21st Street

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