Akam pays $11M to Magnum, RoundSquare for retail condos in Chelsea

Akam Associates paid $11 million to Magnum Real Estate Group, RoundSquare Development and Lam&W Realty for two retail condominium units in at 133 West 22nd Street in Chelsea in two separate transactions.

In the first, Akam Associates through the entity Anpora 133 West 22nd Street Parking LLC paid $8.6 million to Magnum Real Estate Group, RoundSquare Development and Lam & W Realty for the retail condo (CC) at 133 West 22nd Street in Chelsea, Manhattan.
The deal closed on May 13, 2021 and was recorded on May 26, 2021.
The property has 10,276 square feet of built space and 0 square feet of additional air rights for a total buildable of 0 square feet according to PincusCo analysis of city data. The sale price per built square foot is $836 per the PincusCo analysis.
The signatory for Magnum Real Estate Group, RoundSquare Development, Lam & W Realty was Benjamin Shaoul, Wayne Heicklen, Robert Kaliner. The signatory for Akam Associates was Mindy H. Stern.
(104487734)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 99 residential units on October 5, 2012.
Ben Shaoul’s Magnum and Robert Kaliner’s Ascend Group, which is now RoundSquare Development, developed the residential and retail condo building at 133 West 22nd Street which was declared effective in 2008.

Direct link to Acris document. link

In the second, Akam Associates through the entity Anpora 133 West 22nd Street Retail LLC paid $2.4 million to Magnum Real Estate Group, RoundSquare Development and Lam & W Realty for the retail condo (CC) at 133 West 22nd Street in Chelsea, Manhattan.
The deal closed on May 13, 2021 and was recorded on May 26, 2021.
The property has 2,396 square feet of built space and 0 square feet of additional air rights for a total buildable of 0 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,001 per the PincusCo analysis.
The signatory for Magnum Real Estate Group, RoundSquare Development and Lam & W Realty was Benjamin Shaoul, Wayne Heicklen and Robert Kaliner. The signatory for Akam Associates was Mindy H. Stern.

Direct link to Acris document. link