Davis Companies pays $26M to Garfinkel family for property in Chelsea

Davis Companies through the entity Div West 29th Street, LLC paid Garfinkel family’s Pearl Garfinkel, As Trustee $26.0 million for 165 West 29th Street, 155 West 29th Street in Chelsea. The deal closed on March 12, 2020, and was recorded on March 19, 2020. The transaction consists of 2 parcels, including the tax class miscellaneous loft (L9). The parcel(s) have total development potential of 129,168 square feet.
The average sale price per square foot is $201.

Members of the Garfinkel family have owned the building since Jehuda Garfinkel bought it with a partner in 1982.

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