Marcus & Millichap
260 Madison Avenue, 5th Floor
New York, NY 10016
Sold
140 10th Avenue
Chelsea, New York, NY 10011
Retail
1031 Exchange
$3.6M
Sale Price
5,649 SF
Building Size
$637
Price / SF
Q1 2024
Closing Date
The Story
The team sold this well located retail condominium to a 1031 buyer who greatly valued this corner in the Far West Chelsea neighborhood. The property generated significant interest through a wide marketing campaign, ultimately attracting a buyer willing to pay a premium price despite difficult market conditions.Property Highlights
- More than 50,000 residents reside within a half-mile radius of the property
- Westside hub for art and culture, with luxury high-rise buildings and world-class galleries in the area
- Proximity to the High Line, Chelsea Market, and the Meatpacking District
Deal Team
Eric Anton
Nelson Lee