Seiya Tokuyama of ICS America pays $8M for multifamily property in Chelsea

Seiya Tokuyama of ICS America, an affiliate of Taichi Realty paid Dawn Pohl’s 333 West 19th Street LLC $8.3 million for 333 West 19th Street in Chelsea. The deal closed on November 14, 2019, and was recorded on November 26, 2019. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 15 residential units. The property is 8,525 square feet.
The sale price per unit is $550,000.
The estimated cap rate is 2.3%

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