The Real Deal New York

The life aquatic: Another condo with personal pools set for West Chelsea

Six Sigma adding five floors to existing five-story office building on West 19th Street

September 09, 2014 01:25PM
By Rich Bockmann

From left: 435 West 19th Street and Brock Emmetsberger

From left: 435 West 19th Street and Brock Emmetsberger

Proving the enduring appeal of a personal pool, another condo project with swimming pools is headed for West Chelsea.

Developer Six Sigma two weeks ago closed on a development site on West 19th Street on the block to the east of the High Line for $21 million, records filed with the city today show.

The company has plans to add five floors to an existing, five-story office building, expanding the envelope to 30,000 square feet spread across nine condos.

Six Sigma president Jason Lee said one of the major appeals of the property, at 435 West 19th Street, is its relative seclusion from the hubbub of the busy High Line park.

“We found a lot of buyers don’t want to be right on the High Line because of privacy,” said Lee, who added that the site is also beyond the flood area. “There’s an empty lot next to the building owned by the city. To the north there’s [The General Theological Seminary], which protects the views all the way to the north.”

The property will include a personal pool in each unit, a feature included in the Soori High Line on 29th Street. That property hit the market about a month ago with three units ranging from $3.7 million for a two-bedroom to almost $11 million for a five-bedroom spread.

“It will probably be one of the most automated buildings,” said Lee, who noted that the façade on the 19th Street building will have 32 feet of hydraulic windows so that the indoor pools can be enjoyed in the open air.

Brock Emmetsberger of Massey Knakal represented both Six Sigma and the seller, the City Stage production space. City Stage is a tenant in the building it purchased in 1999.

Lee said the development company, which recently completed a high-tech renovation of 56 Walker Street in Tribeca, secured $29 million in financing from Meridian Capital. He plans to break ground within a month.

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