Jeffrey Kaplan Acquires 218 West 18 Street Office In Chelsea, Manhattan For $170M
218 West 18 Street
167,210 SF
Summary
An office property located at 218 West 18 Street in Chelsea, Manhattan has been sold in a closed transaction. The property is zoned as C6-2A and has a gross square footage (BSF) of 64,865. The price for this transaction was $170,000,000, with a price per BSF (PPBSF) of $2,621. The total square footage (SF) of the property is 167,210, resulting in a price per square foot (PPSF) of $1,017. The property has a floor area ratio (FAR) of 15.52 and falls under tax class 4. The lot size is 10,775 square feet, and the last recorded sale price was $174,700,000 on November 10, 2017. The lot dimensions measure 100 feet by 142.5 feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $170,000,000
- Market: Chelsea, Manhattan
- Buyer: Jeffrey Kaplan
- Seller: Kevin A Hoover
Jeffrey Kaplan acted as the buyer in this transaction, while Kevin A Hoover represented the seller as their broker. This closed deal represents a significant transaction in the Chelsea, Manhattan market.
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