Stake Sale of Chelsea’s Maverick Building Values the New Residential Property at $506M

HAP Investments has sold its 49% interest in the newly constructed 2-building Maverick residential development located at 215 and 225 West 28th Street. The sale of the 87-unit condominium and adjacent 112-unit rental buildings to HAP’s joint venture partner, a subsidiary of Japanese homebuilder Daiwa House Group, values the property at $506 million.