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A blog for breaking sales and neighborhood real estate news.

A townhouse at 441 West 22nd Street, located between Ninth and Tenth Avenues in Manhattan’s Chelsea Historic District, was sold in an all-cash transaction valued at $8,750,000.
The five-story, nine-unit building contains approximately 5,520 square feet and sits on a 20’ x 99’ lot.  It is currently split into a garden level two-bedroom apartment with access to the rear yard, and seven one-bedroom and one studio above.  All units are fair market and feature working fireplaces.  Additionally, many were recently renovated with updated appliances.  The building features approximately 11’ ceilings on the parlor floor, original detail throughout, and top floor units featuring skylights.  The sale price equates to approximately $1,585 per square foot.

“At approximately $1,585 per square foot, this sale represents the highest price per square foot ever paid by an investor for a multifamily property in the neighborhood,” said Cushman & Wakefield’s Brock Emmetsberger, who exclusively represented the seller in this transaction.  The buyer was represented by Matthew Lesser of Leslie J. Garfield.

Click here for press release

Neighborhoods: Chelsea