HUBB NYC paid $7M to Patricia E. Rowell for Chelsea building

HUBB NYC through the entity 202 Ninth Ave LLC paid Patricia E. Rowell’s Second Old New York Corp $7.4 million for 1 parcel, including the tax class primarily four family with store or office (S4) and containing 4 residential units at 202 9 Avenue in Chelsea. The deal closed on August 20, 2019 and was recorded on August 26, 2019. The parcel(s) have total development potential of 7,603 square feet.
The average sale price per square foot is $996.
The estimated cap rate is 7.4%

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