Yoo Kyung Yang Acquires Multifamily In Chelsea For $7.2M

The multifamily property located at 222 West 16th Street in Chelsea has been sold for a total price of $7,200,000. The property consists of 14 units, resulting in an average price per unit of $514,286. The sale price per square foot is $1,099, and the total square footage of the property is 6,550. Leonard Gleich was the seller of the property, while Yoo Kyung Yang was the buyer. The seller was represented by Ryan Kossoy, Brock Emmetsberger, and Reed Waggoner, while the buyer was represented by Steve Kim.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,200,000
• Square Footage: 6,550
• Price per Square Foot: $1,099
• Number of Units: 14
• Price per Unit: $514,286
• Seller: Leonard Gleich
• Buyer: Yoo Kyung Yang
• Seller's Representatives: Ryan Kossoy, Brock Emmetsberger, Reed Waggoner
• Buyer's Representative: Steve Kim

The sale of the property was facilitated by the collaboration between the seller's representatives, Ryan Kossoy, Brock Emmetsberger, and Reed Waggoner, and the buyer's representative, Steve Kim. This transaction represents a significant investment opportunity in the Chelsea market.