445 West 21st Street, New York, NY

August 2018-  Michael Cuniberti and Christie Houlihan of Houlihan-Parnes Realtors, LLC are pleased to announce the sale of the building located at 445 West 21st Street, Manhattan, a 9,375 SF, 10 unit apartment building.

The family owned property was sold after 114 years of ownership.  Located in the heart of Chelsea in close proximity to the Highline and Chelsea Market, the property is across the street from the General Theological Seminary.

The property was purchased by a New York based real estate company with substantial holdings in Manhattan.

“I was originally contacted by the seller in 2004 to discuss a possible sale.  After many years the family decided to put the property on the market.”  James J. Houlihan, Managing Partner, said.

“This sale is the result of an extensive marketing campaign, multiple showings, and fielding numerous bids.” Michael Cuniberti, Broker, Houlihan Parnes Properties, said.

Sandra L. Jacobus of Ganfer Shore Leeds & Zauderer LLP provided legal counsel to the seller.  Michael Sherman of the Manhattes Group represented the purchaser.

Houlihan-Parnes Realtors, LLC is a privately owned, vertically integrated commercial real estate investment and management firm, owning and managing assets and providing brokerage services throughout the United States

Owning approximately 8.5 million square feet of office, retail and industrial space, the firm also owns and manages approximately 25,000 multifamily units.  Founded in 1891 and operated by the fourth and fifth generations of the Houlihan family, the company is headquartered in White Plains, NY. The firm is engaged in acquisition, property and construction management, consulting services, leasing and mortgage brokerage for all commercial real estate asset classes, both for the company’s portfolio and for third parties.