Developer Charles Luk pays $6.5M for multifamily property in Chelsea

February 12, 2020 7:22 am

Charles Luk through the entity Golden City 149 Inc. paid Enza Lent and Dara Gorey’s GP220 LLC $6.5 million for 220 West 16th Street in Chelsea. The deal closed on January 29, 2020, and was recorded on February 11, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 8 residential units. The property is 6,250 square feet. The parcel(s) have total development potential of 6,250 square feet.
The average sale price per square foot is $1,037.

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