NEW YORK CITY-Hotel owner Morris Moinian has put a residential building measuring 57,000 square feet in Chelsea on the market through Eastern Consolidated for $36 million. Azita Aghravi, Paul Nigido and Brian Ezratty of Eastern Consolidated are marketing the building.
The 6-story, 64-unit residential complex, situated at 364 W. 18th St., comprises 27 single-bedroom apartments, 6 double-bedroom apartments, and 31 studios. It also has 8 mom-and-pop stores. Several bidders have come with 10% to 15% below the expected price. For the full story, go to Crain's New York Business.
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