Anbau pays $18.5M to Ernest Schoenherr for property in Chelsea

Anbau paid Ernest Shoenherr $18.5 million for two properties in two separate transactions.

In the first, Anbau, Inc. through the entity 428 & 432 West 19th Street LLC paid Ernest Schoenherr’s 428 West 19th LLC $12.3 million for 428 West 19th Street in Chelsea. The deal closed on July 21, 2020, and was recorded on July 28, 2020. The transaction consists of 1 parcel, including the tax class office building with commercial with one to six stories (O5). The property is 17,940 square feet. The parcel(s) have total development potential of 27,692 square feet.
The average sale price per square foot is $445.

The contract date was August 23, 2019. The signatory for the buyer was Stephen Glascock, president of Anbau.

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

In the second, Anbau, Inc. through the entity 428 & 432 West 19 Street LLC paid Ernest Schoenherr’s 432 West 19th, LLC $6.2 million for 432 West 19th Street in Chelsea. The deal closed on July 21, 2020, and was recorded on July 28, 2020. The transaction consists of 1 parcel, including the tax class office building with two to six stories (O2). The property is 8,700 square feet. The parcel(s) have total development potential of 13,852 square feet.
The average sale price per square foot is $445.

The contract date was August 23, 2019.

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