New York City · Commercial sale
Manga Chelsea buys 160 West 25 Street in Manhattan for $50 million
A hotel at 160 West 25 Street, Manhattan sold for $50,000,000 on June 1, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $50,000,000
- Sold
- June 1, 2026
- Property type
- Hotel
- Building area
- 55,916 sq ft
- Price per sq ft
- $894
- Year built
- 2001
A Manhattan hotel sold for $50,000,000 on June 1, 2026, according to the New York City Department of Finance's ACRIS property records. The sale price at 160 West 25 Street is 83% above the market value on record of $27,350,000.
Chelsea Grand, LLC and Chelsea Grand West, LLC sold the property to Manga Chelsea LLC, according to the deed records.
The hotel spans 55,916 square feet of building area on a 5,431-square-foot lot, according to the NYC Department of Finance's records. Built in 2001, the property sold for $894 per square foot.
What this sale costs to close
What does closing cost at this price? Under New York City custom the seller's larger charges are $1,312,500 for the nYC real property transfer tax (commercial/other) and $200,000 for the nY State real estate transfer tax. The seller's estimated net is $48,295,127 before brokerage commissions and any loan payoff. A cash buyer would need about $50,215,396 at closing.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026081800115001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
