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The Archstone Chelsea at 800 Sixth Ave. The Archstone Chelsea at 800 Sixth Ave.

NEW YORK CITY—Equity Residential, the Chicago-based real estate investment firm founded by Sam Zell, sold its residential rental property called the Archstone Chelsea at 800 Sixth Ave. to Greystar for $240 million. The sale was first reported in The New York Post. The 36-story, 266-unit residential rental building is located between W. 27th and W. 28th streets.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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