165 West 23rd Street, Chelsea Neighborhood, New York City, NY
 |
| Peter Von Der Ahe |
NEW YORK, NY – Marcus
& Millichap (NYSE: MMI), a leading commercial real estate investment
services firm with offices throughout the United States and Canada, has
arranged the sale of 165 West 23rd St.,
a five-story, mixed-use building containing a two-story restaurant and four
residential loft units in New York’s City’s Chelsea neighborhood.
The $11,
995,000 sales price equates to $1,471 per square foot.
Peter Von Der Ahe, Shlomo Manne, Joe Koicim, and Sean Lefkovits,
all in Marcus & Millichap’s Manhattan office, represented the seller and
procured the buyer.
“All of the apartments were
delivered vacant says Von Der Ahe. “The property provides the new owner with
many options, including converting the apartments to condos, renovating the
retail space to take advantage of the high amount of traffic on 23rd Street,
changing the lofts into separate front and back units or converting the
apartments into luxury residences.”
 |
| Shlomo Manne |
“The recent downtown
technology boom has increased demand for residential housing in the
neighborhood,” adds Lefkovits. “Twitter, Google and IAC all have their New York
headquarters in Chelsea.”
The property is located next to the
1 subway line on 23rd Street and 7th Avenue, one block from the F and M subway
lines on 23rd Street and 8th Avenue and two blocks from Madison Square Park and
the Flatiron District. The Chelsea Market, the Italian marketplace Eataly, and
the High Line are all nearby.
The property’s multifamily unit mix
is one studio, two one-bedroom units and one two-bedroom apartment.
For a complete copy of the company’s news release,
please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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