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New York

Two Trees Management closes on Chelsea building for $129.5M

Two Trees' Asher Abehsera and 50 West 23rd Street
Two Trees’ Asher Abehsera and 50 West 23rd Street

Brooklyn-based Two Trees Management bought its first Manhattan office building, closing this morning on the 13-story property at 50 West 23rd Street from the Moinian Group for $129.5 million. Asher Abehsera, of Two Trees, represented his firm in the transaction, while Joseph Moinian represented the Moinian Group. The contract for the purchase of the 340,000-square-foot building located in Chelsea was reported in September.

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The sale has not yet appeared in public records. TRD

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Asher AbehseraJoseph MoinianMoinian Group