Kinsey of Kinsey Capital completes $6.35 million sale

Kinsey Capital, one of the leading commercial real estate brokerage and advisory firms based in New York City, arranged the sale of 244 Tenth Ave., a mixed-use property in the borough's Chelsea neighborhood near the Highline. It was purchased by an affiliate of ICON Realty Management. James Kinsey was the sole broker on the transaction. The property was sold for $6.35 million, or $1,000 per s/f. ICON Realty Management, which is led by founders Terrence Lowenberg and Todd Cohen, is a multi-faceted investment and management company located in New York City. The firm owns and manages over 1,800 apartment units located throughout the city in some of Manhattan's most desirable neighborhoods including: the Upper East Side, Greenwich Village, Chelsea and the Lower East Side.

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