A loft building at 230 Seventh Avenue, located between West 23rd and 24th Streets in Manhattan’s Chelsea neighborhood was sold in an all-cash transaction valued at $4,250,000.
Located on one of Chelsea’s main commercial thoroughfares, this four-story building is approximately 5,979 square feet and contains three loft units and a ground floor retail unit. The property benefits from high ceilings on all floors and a significant amount of unused air rights that can be used for additional development. The sale price equates to approximately $711 per square foot.
“We received over 25 offers during our marketing period, so there was certainly a high level of demand for this property,” said Massey Knakal Vice Chairman and Partner John F. Ciraulo, who exclusively handled this transaction with Director of Sales Brock Emmetsberger.
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Neighborhoods: Chelsea/ Agents: John Ciraulo