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Fairstead Acquires Multifamily Property In Chelsea, Manhattan For $10.8M

41 West 24th Street
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This MultiFamily property located in NY was sold for $16,995,000 almost 6 years ago. The brokers of the deal were Joseph (Joe) Koicim, David Lloyd, Peter Von Der Ahe, and Logan Markley

An multifamily property located at 725 6th Ave. in Chelsea, Manhattan has been sold for a price of $10,800,000. The property consists of 7 units and spans across 6,272 square feet. The per unit price stands at $1,542,857, while the price per square foot is $1,721.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,800,000
  • Units: 7
  • Price Per Unit (PPU): $1,542,857
  • Square Feet (SF): 6,272
  • Price Per Square Foot (PPSF): $1,721
  • Market: Chelsea, Manhattan

The buyer of the property is Fairstead, while the seller is Simon Abeckaser. The deal was facilitated by brokers Joe Koicim, Logan Markley, and Zan Colin from Marcus & Millichap, as well as Lenny Sporn from Sporn Group LLC.

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Deals
  • Location
    41 W 24th St, New York, NY 10010, USA41 W 24th St, New York, NY 10010, USA
  • Sale Price
    $16,995,000$16,995,000
    $108 PPSF$108 PPSF
  • Area
    156,950 SF156,950 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Joseph (Joe) Koicim

Joseph (Joe) Koicim

Deals122
Financed$2B

David Lloyd

David Lloyd

Deals13
Financed$155.2M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Deal Summary

SALE IMAGE: Logan Markley, Joe Koicim, Lenny Sporn & Zan Colin DATE: 08/09/2022 ADDRESS: 725 6th Ave. MARKET: Chelsea, Manhattan ASSET TYPE: Multifamily BUYER: Fairstead (@Fairstead) SELLER: Simon Abeckaser BROKERS: Joe Koicim (@Joey1CAP), Logan Markley (@LoganTMarkley) & Zan Colin (@Zan_Colin) - Marcus & Millichap (@MarcusMillichap_NY); Lenny Sporn (@LennySporn) - Sporn Group LLC SALE PRICE: $10,800,000 UNITS: 7 ~ PPU: $1,542,857 SF: 6,272 ~ PPSF: $1,721

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41 West 24th Street

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