CBRE snaps up $245M Chelsea apartments – Robert Khodadadian

CBRE’s investment arm bought an apartment building in Chelsea for $245 million. CBRE Investment Management bought the 18-story building at 160 West 24th Street from Greystar Real Estate Partners, The Real Deal has learned. The purchase price works out to $1.2 million per unit for the 204-unit, free-market building. A representative for Greystar declined to comment and a spokesperson for CBRE IM could not be immediately reachedt. Greystar is staying on as the manager of

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, CBRE, Chelsea, Multifamily Market The Real Deal New York Read More