(To read more on the multifamily market, click here.)
NEW YORK CITY-For $15 million, Grasso Holdings/Metro DevelopmentCo. of Philadelphia acquired a 33,000-sf residential loft buildingat 124 West 24th St. in Chelsea. The firm plans a $25-millioncondominium conversion.
Separate teams from Eastern Consolidated arranged thetransaction. Marcia Rose Yawitz, senior director, and AnthonyFinno, associate broker, represented the seller New York City-basedHarold Milgrim. Ronald A. Solarz and Eric M. Anton, both seniormanaging directors represented the buyer.
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