SOLD
WitkoffCo And Access Industries Acquire Multifamily Property In Chelsea For $900M
76 11th Avenue
MultiFamily
900,000 SF
900,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
900,000 sqft
An iconic multifamily property located in Chelsea has been sold for a staggering price of $900,000,000. The property, situated at 76 11th Avenue, spans across 900,000 square feet, resulting in a price per square foot of $1,000. This significant sale took place on December 23, 2021, and involved the buyer, Steve Witkoff, representing @WitkoffCo, along with Len Blavatnik from Access Industries. The seller in this transaction was Children’s Investment Fund.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $900,000,000
- Address: 76 11th Avenue
- Market: Chelsea
In facilitating this lucrative deal, the buyer's representatives were Adam Spies, Doug Harmon, Adam Doneger, and Rachel Humphrey from Cushman & Wakefield. This team of brokers from Cushman & Wakefield demonstrated their expertise and negotiation skills, playing an instrumental role in the success of this transaction.
Players
All
6
Agents
4
Agencies
2
Details
SOLD
IMAGE: Adam Spies, Adam Doneger, Steve Witkoff, Rachel Humphrey, Len Blavatnik & Doug Harmon
DATE: 12/23/2021
ADDRESS: 76 11th Avenue
MARKET: Chelsea
ASSET TYPE: Multifamily
BUYER: @WitkoffCo - Steve Witkoff & Access Industries - Len Blavatnik
SELLER: Children’s Investment Fund
BROKERS: Adam Spies, Doug Harmon, Adam Doneger & Rachel Humphrey - Cushman & Wakefield (@CushWake)
SALE PRICE: $900,000,000
SF: 900,000 ~ PPSF: $1,000View on map
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Address76 11th Avenue
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