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.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The sale has not yet appeared in public records. TRD