NEW YORK, NY, Feb. 21, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of 140-144 West 28th St., a 7,500-rentable square foot parcel currently being used as a parking lot. The sales price was $20,500,000.
Barbara Dansker (lower right photo) and Shlomo Manne, both in Marcus & Millichap’s Manhattan office, represented the buyer, a Manhattan-based investor. Dansker and Shlomo also represented the seller, West 28th St. Partners LLC.
“This is a unique development parcel in a gentrifying submarket,” says Dansker.
The property is located in the Chelsea area of Manhattan between Sixth and Seventh avenues.
The 76.67-foot by 98.75-foot lot has a maximum FAR of 10 and the property’s current zoning is M1-6. Development options for the parcel include commercial and hotel.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
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