276 West 25th Street I, LLC paid $7M to MRK Holdings

276 West 25Th Street I, LLC paid MRK Holdings, Inc. $6.9 million for 1 parcel, including the tax class miscellaneous (K9) at 276 West 25 Street in Chelsea. The deal closed on August 02, 2019 and was recorded on August 07, 2019. The parcel(s) have total development potential of 23,896 square feet.
The average sale price per square foot is $483.
The estimated cap rate is 1.6%

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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