CRM Management paid $7M to Marion Buhagiar

CRM Management through the entity Donac, LLC paid Marion Buhagiar’s October Partners LLC $6.8 million for 1 parcel, including the tax class multifamily, five to six families (C2) and containing 5 residential units at 402 West 20 Street in Chelsea. The deal closed on June 26, 2019 and was recorded on July 25, 2019. The parcel(s) have total development potential of 6,545 square feet.
The average sale price per square foot is $1,039.
The estimated cap rate is 8.4%

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