Benny Barmapov pays $9M to Neil Wainland for property in Chelsea

Benny Barmapov through the entity B&R Tenth Avenue LLC paid Neil Wainland’s The N.E.W. Corp. $9 million for 116 10th Avenue in Chelsea. The deal closed on September 21, 2020, and was recorded on October 5, 2020. The transaction consists of 1 parcel, including the tax class two-story or store and office (K2). The property is 3,630 square feet. The parcel(s) have total development potential of 18,561 square feet.
The average sale price per square foot is $485.

The contract date was September 21, 2020, the same as the closing date. This parcel is part of the Klövern and GDSNY development project for 118 10th Avenue.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $86,460. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer was Benny Barmapov