Joseph Nabavi pays $6M for property in Chelsea

Joseph Nabavi through the entity 246-18 Realty LLC paid Kazuko Tatsumura-Hillyer’s 244 West 18th St. LLC $6.0 million for 244 West 18th Street in Chelsea. The deal closed on October 30, 2020, and was recorded on November 19, 2020. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 27 residential units. The property is 5,517 square feet. The parcel(s) have total development potential of 13,282 square feet.
The sale price per unit is $222,222.

The contract date was October 29, 2020, one day before the closing date.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,800,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Joseph Nabavi

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