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Metro Management Development Sells Mixed-Use Property In Chelsea For $17.5M

191-197 Seventh Avenue
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This Mixed-use property located in NY was sold for $17,500,000 over 2 years ago. The brokers of the deal were Nicholas Kontos, Austin Fabel, Robert (Rob) Shapiro, Andrew Berry, Michael Gembecki, and Charlie Gravina

The mixed-use property located at 191-197 Seventh Ave. in Chelsea has been sold for a total price of $17,500,000. The property spans a total area of 34,090 square feet, resulting in a price per square foot of $513. The asset is zoned as R8A and C2-5, allowing for a variety of uses.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $17,500,000
  • Address: 191-197 Seventh Ave.
  • Market: Chelsea
  • Zoning: R8A, C2-5

The seller of the property was Metro Management Development. The deal was facilitated by Cushman & Wakefield, with the following brokers involved: Rob Shapiro, Andrew Berry, Michael Gembecki, Charlie Gravina, Austin Fabel, and Nicholas Kontos.

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Deals
  • Location
    191 7th Avenue, Manhattan, New York, NY, USA191 7th Avenue, Manhattan, New York, NY, USA
  • Sale Price
    $17,500,000$17,500,000
    $513 PPSF$513 PPSF
  • Area
    34,090 SF34,090 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    6 Brokers, 1 Agency6 Brokers, 1 Agency

Agents

Nicholas Kontos

Nicholas Kontos

Deals8
Sold$161.8M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4186
Volume$167B

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Deal Summary

SALE IMAGE: Austin Fabel, Andrew Berry, Rob Shapiro, Michael Gembecki, Charlie Gravina, & Nicholas Kontos DATE: 10/12/2021 ADDRESS: 191-197 Seventh Ave. MARKET: Chelsea ASSET TYPE: Mixed-use ~ ZONING: R8A, C2-5 SELLER: Metro Management Development BROKERS: Rob Shapiro (@RMShapiro), Andrew Berry (@ATBerry3), Michael Gembecki, Charlie Gravina (@Chuckee_G), Austin Fabel (@AsF2196) & Nicholas Kontos (@NAKontos) - Cushman & Wakefield (@CushWake) SALE PRICE: $17,500,000 SF: 34,090 ~ PPSF: $513

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191-197 Seventh Avenue

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