facebook
Traded Co logo
Submit a Deal

Keiichi Yoshii Acquires Mixed-Use Property On West 28th Street From HAP Investments

215-225 West 28th Street
PointingArrow
Share

This Mixed-use property located in NY was sold for $506,000,000 over 2 years ago.

215-225 West 28th Street in Chelsea has been sold at a transaction value of $506,000,000. The property, classified as mixed-use, is located within the M1-6D zoning district. It encompasses a total of 91,810 buildable square feet with a price per buildable square foot of $5,511. The total lot size is 9,181 square feet, with dimensions measuring 51.75 feet by 91.83 feet. The sale was completed on 10/19/2021.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $506,000,000
  • Address: 215-225 West 28th Street
  • Market: Chelsea
  • Zoning: M1-6D

The buyer in this transaction is Keiichi Yoshii, representing Daiwa House Group. On the other hand, the seller is HAP Investments, represented by Eran Polack. The property comprises 132,482 square feet, with a price per square foot of $3,819. It consists of 199 units, resulting in a price per unit of $2,542,713. The property's floor area ratio (FAR) is 14.43, indicating substantial development potential. It falls under tax class 2 and has an alteration permit issued on 04/01/2021.

View Related

Deals
  • Location
    225 West 28th Street, Manhattan, New York, NY, USA225 West 28th Street, Manhattan, New York, NY, USA
  • Sale Price
    $506,000,000$506,000,000
    $3,819 PPSF$3,819 PPSF
  • Area
    132,482 SF132,482 SF
  • Asset Type
    Mixed-useMixed-use

Deal Summary

SALE IMAGE: Keiichi Yoshii & Eran Polack DATE: 10/19/2021 ADDRESS: 215-225 West 28th Street MARKET: Chelsea ASSET TYPE: Mixed-use ~ ZONING: M1-6D BUYER: Keiichi Yoshii - Daiwa House Group SELLER: HAP Investments - Eran Polack VALUE: $506,000,000 BSF: 91,810 ~ PPBSF: $5,511 SF: 132,482 ~ PPSF: $3,819 UNITS: 199 ~ PPU: $2,542,713 FAR: 14.43 TAX CLASS: 2 LOT SIZE: 9,181 PERMITS: Alteration 2 (04/01/2021) LOT DIMENSION: 51.75 ft x 91.83 ft

Comparables


We could not find what you were looking for, try a different filter
  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits