Moinian lists W. 18th Street building for $36M

Morris Moinian and 364 West 18th Street

Morris Moinian has put a six-story residential building at 364 West 18th Street on the market with an asking price of $36 million through Eastern Consolidated, Crain’s reported. “It’s a property that doesn’t fit his portfolio,” said Azita Aghravi of Eastern Consolidated, who is leading the marketing team with Brian Ezratty and Paul Nigido. “He’s more of a hotel owner.” Moinian, the brother of developer Joseph Moinian, also owns Chelsea’s Hotel Indigo On West 28th Street. The 57,000-square-foot Chelsea Property On West 18th Street includes eight retail stores and 64 apartments, including 35 rent-stabilized units and three rent-controlled units. Since the property hit the market two weeks ago, several offers have come in at between 10 and 15 percent below the asking price. [Crain’s]