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WitkoffCo And Access Industries Acquire Multifamily Property In Chelsea For $900M

76 11th Avenue
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This MultiFamily property located in NY was sold for $900,000,000 over 2 years ago. The brokers of the deal were Rachel Humphrey, Douglas (Doug) Harmon, Adam Spies, and Adam Doneger

An iconic multifamily property located in Chelsea has been sold for a staggering price of $900,000,000. The property, situated at 76 11th Avenue, spans across 900,000 square feet, resulting in a price per square foot of $1,000. This significant sale took place on December 23, 2021, and involved the buyer, Steve Witkoff, representing @WitkoffCo, along with Len Blavatnik from Access Industries. The seller in this transaction was Children’s Investment Fund.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $900,000,000
  • Address: 76 11th Avenue
  • Market: Chelsea

In facilitating this lucrative deal, the buyer's representatives were Adam Spies, Doug Harmon, Adam Doneger, and Rachel Humphrey from Cushman & Wakefield. This team of brokers from Cushman & Wakefield demonstrated their expertise and negotiation skills, playing an instrumental role in the success of this transaction.

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Deals
  • Location
    76 11th Avenue76 11th Avenue
  • Sale Price
    $900,000,000$900,000,000
    $1,000 PPSF$1,000 PPSF
  • Area
    900,000 SF900,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Rachel Humphrey

Rachel Humphrey

Deals10
Financed$2.3B

Douglas (Doug) Harmon

Douglas (Doug) Harmon

Deals80
Financed$22.4B

Adam Spies

Adam Spies

Deals146
Financed$30.2B

Adam Doneger

Adam Doneger

Deals93
Financed$20.9B

Agencies

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Social

Deal Summary

SALE IMAGE: Adam Spies, Adam Doneger, Steve Witkoff, Rachel Humphrey, Len Blavatnik & Doug Harmon DATE: 12/23/2021 ADDRESS: 76 11th Avenue MARKET: Chelsea ASSET TYPE: Multifamily BUYER: @WitkoffCo - Steve Witkoff & Access Industries - Len Blavatnik SELLER: Children’s Investment Fund BROKERS: Adam Spies, Doug Harmon, Adam Doneger & Rachel Humphrey - Cushman & Wakefield (@CushWake) SALE PRICE: $900,000,000 SF: 900,000 ~ PPSF: $1,000

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76 11th Avenue

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