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Chelsea

Chelsea
Manhattan, NY 10011
Chelsea
Chelsea is a neighborhood on the west side of Manhattan, bounded by 14th Street, 30th Street, the Avenue of the Americas (Sixth Avenue), and the Hudson River and West Street. The neighborhood was known for its gay and lesbian residents and art galleries, but this characteristic has given way to high-end condominiums populated by transplanted urban professionals as rents and land prices have risen across New York City. JDS Development converted The Walker Tower, an old Verizon building at 210 West 18th Street into upscale condominiums. In 2010, internet search giant Google acquired a warehouse-to-tech office conversion at 111 Eighth Avenue that was at one time owned by The Port Authority of New York and New Jersey. The rent-stabilized residents of The Chelsea Hotel on 23rd Street have so far resisted the efforts of a series of developers hoping to conduct a condo-conversion at the cultural landmark. -TA
  • Address Chelsea
  • neighborhood Chelsea
  • borough Manhattan
Kinga ft
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Residential real estate broker Kinga Tabares, who allegedly drove off with a taxicab while intoxicated after a night out in the Meatpacking District, rejected a...
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02/10/16
UPDATED, 4:20 p.m., Feb. 10: Global business news website Quartz inked a five-year lease for around 25,644 square feet of office space at 675 Sixth Avenue...
Fairstead Capital NYC
02/10/16
On the heels of acquiring a massive $690 million multifamily portfolio, Fairstead Capital is in contract for two more Manhattan rental buildings. The Midtown East-based...
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02/09/16
From the February issue: The Lower East Side is a long-gritty neighborhood that’s undergoing a dramatic makeover. Driving the transformation is the $1.1 billion Essex Crossing...
Freedman_Bruno ft
02/08/16
Bond New York founders Bruno Ricciotti and Noah Freedman, and an entity they used to sign a lease for their brokerage’s Tribeca office, are being...
From left: David Scheiderman the Ludlow Hotel at 180 Ludlow Street on the Lower East Side and Deborah Gutoff thumb
02/08/16
From the February issue: The Lower East Side is a long-gritty neighborhood that’s undergoing a dramatic makeover. Driving the transformation is the $1.1 billion Essex Crossing...
63 Madison 200 Madison Matt Bronfman thumb
02/08/16
UPDATED: Feb. 8 2:26 p.m.: Jamestown has closed with George Comfort & Sons and Loeb Partners Realty on the purchase of a 49 percent stake in...
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02/04/16
Hersha Hospitality Trust sold a 70 percent majority interest in seven Manhattan hotels to Chinese investment firm Cindat Capital Management in deal worth $571.4 million,...
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02/02/16
Extell Development is in talks to buy a Greenwich Village commercial property with substantial development rights from the Duell family, the latest of several deals...
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01/29/16
Could another slender skyscraper soon be coming to Billionaires’ Row? Savanna plans to demolish a nine-story, 36,000-square-foot building at 106 West 56th Street, an area with one of...
Biden and Cuomo feature
01/29/16
Gov. Andrew Cuomo took the stage on Friday and called for a round of applause for, among other qualities, Vice President Joe Biden’s smile. “I...
chelsea-party
01/29/16
From Luxury Listings NYC: Throwing a party in New York is always a major pain, mainly because it’s often hard to find enough space to...
534 West 25th
01/29/16
Weinberg Properties plans to replace a single-story art gallery in Chelsea with an eight-story building comprised of a mix of office and gallery space, according...
MLB feature
01/29/16
Major League Baseball may be the answer to the Time & Life Building’s pending vacancy issue. MLB is considering moving Commissioner Rob Manfred’s office and some...
251 West 14th Street
01/28/16
An Italy-based construction services company has purchased a development site in Chelsea from B+B Capital for $23 million in a deal that won’t disrupt plans...
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01/25/16
Joseph Chetrit’s Chetrit Group and Shifra Hager’s Cornell Realty Management are splitting up a 34th Street retail portfolio the former partners spent more than a...
Rendering of 119-132 Kent Avenue
01/25/16
From left: Peter DiTommaso, rendering of 119-123 Kent Avenue in Williamsburg and 197 Eighth Avenue in Chelsea Last week in the $10 to $20 million...
Frank Stella
01/25/16
UPDATED, 4:59 p.m., Jan. 25: It may have been the incubator for abstract works of art, but last week’s sale of artist Frank Stella’s longtime...
45 south 3rd
01/21/16
After his lawsuit over a botched South Williamsburg deal was dismissed, investor Shulem Herman is now setting his sights on the developer that allegedly attempted...
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01/20/16
From the January issue: More than 500 years ago, Algonquin Indians were trading meat and crops on an area along the Hudson River in Chelsea....
Bobby Flay Chelsea Mercantile thumb
01/15/16
Bobby Flay’s Chelsea duplex apparently wasn’t selling fast enough for his taste. Tags: celebrity real estate ...
Market Reports
01/13/16
In the final months of 2015, market reports showed that Manhattan’s median sales price hit a record high and that office leasing activity was sluggish. Tags:...
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01/12/16
Flatiron residents will soon get another place to exhaust themselves for the sake of their health. ...
meatpacking feature
01/11/16
The Meatpacking District can be summed up in one simple, somewhat clumsy, image: “high heels on cobblestone.” Tags: aurora capital, business improvement district, meatpacking district,...
high-line-construction-1feat
01/11/16
The city’s Department of Buildings responded to New York’s building boom in 2015 with a significant increase in the number of stop-work orders issued at...
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  • Event Sales
  • Building Name The Hilton Grand Inn Chelsea
  • Address 121 West 28th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 55,000,000
  • Publication Date 12/01/2007
  • Event Date 10/22/2007
  • Party 1 Sam Chang
  • Party 2 Inland American Winston Hotels
notes
The hotel sold for $55 million. Chang purchased the sites at 119-121 West 28th Street in 2005 for $5.75 million. The hotel, which opened on October 16th, was sold after this summer's merger between Winston Hotels and the REIT Inland American.
  • Event Sales
  • Building Name Chelsea Arts Tower
  • Address 545 West 25th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 9,250
  • Price $ 9,150,000
  • Publication Date 02/01/2006
  • Event Date 12/23/2005
  • Party 1 Jack Guttman and Young Woo
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Stuart Siegel, Alan Weisman
  • Party 2 The Marlborough Chelsea
notes
The asking price for the ground and second floor space, which also has a 1,200-square-foot sculpture terrace, was $9.150 million. The contract will close in August 2006; the gallery will open in spring 2007.
  • Event Sales
  • Building Name Chelsea Arts Tower
  • Address 545 West 25th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 7,680
  • Price $ 5,450,000
  • Publication Date 02/01/2006
  • Event Date 12/23/2005
  • Party 1 Jack Guttman and Young Woo
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Stuart Siegel, Alan Weisman
  • Party 2 Glenn Fuhrman
notes
The ninth and tenth floors plus an outdoor terrace are under contract with an asking price of $5.451 million; the contract will close in August 2006. Glenn Fuhrman is a major art collector who manages Michael Dell's fortune.
  • Event Sales
  • Building Name Wyndham Grand Hotel Manhattan Chelsea West
  • Address 37 West 24th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 39,060,000
  • Publication Date 01/01/2009
  • Event Date 11/22/2008
  • Party 1 McSam Hotel Group
  • Party 2 Gemini Real Estate Advisors
notes
The hotel sold for $39.06 million. It opened in early November.
  • Event Sales
  • Address Upper East Side and Chelsea
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 27,000,000
  • Publication Date 05/01/2005
  • Event Date 03/22/2005
  • Party 1 Kamran Hakim
  • Party 2 AIMCO
  • Party 2 Brokerage Georgia Malone & Company
notes
129 apts. mostly rent-regulated
  • Event Retail Leasing
  • Building Name Chelsea Market
  • Address 75 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 551
  • Publication Date 05/01/2013
  • Event Date 03/22/2013
  • Party 1 Jamestown Properties
  • Party 1 Brokerage In-house
  • Party 2 Num Pang
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Jay Gilbert
notes
The Cambodian sandwich shop signed a lease for another location.
  • Event Retail Leasing
  • Building Name Chelsea Market
  • Address 75 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 16,163
  • Publication Date 01/01/2010
  • Event Date 11/22/2009
  • Party 1 Jamestown Chelsea Market LP
  • Party 1 Brokerage RKF
  • Party 1 Broker Robert Futterman, Karen Bellantoni
  • Party 2 Anthropologie
  • Party 2 Brokerage McDevitt Company
  • Party 2 Broker Wade McDevitt, Stephen Plourde,
notes
The fashion and home décor retailer inked a lease for ground- and lower-level selling space. The reported asking rent for the 8,500 square feet on the ground floor was $225 per square foot, while the 7,663 square feet of lower-level space had an asking rent of $25 per square foot.
  • Event Retail Leasing
  • Building Name Chelsea Market
  • Address 75 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 1,500
  • Publication Date 06/01/2009
  • Event Date 04/22/2009
  • Party 1 Brokerage RKF
  • Party 1 Broker Karen Bellantoni
  • Party 2 Dickson's Farmstand Meats
  • Party 2 Brokerage RKF
  • Party 2 Broker Karen Bellantoni
notes
The butcher signed a 15-year lease for retail space. The reported asking rent was $77 per square foot.
  • Event Retail Leasing
  • Building Name Chelsea Terminal Warehouse
  • Address 261 11th Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,450
  • Publication Date 01/01/2007
  • Event Date 11/22/2006
  • Party 1 Waterfront New York
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Roxanne Betesh
  • Party 2 Point of View Gallery
  • Party 2 Brokerage NY Commercial Realty
  • Party 2 Broker Constance Byrne
notes
The photography gallery signed a five-year lease at an asking rent of $40 per square foot. The building is home to 12 other galleries and a mix of retail stores.
  • Event Retail Leasing
  • Building Name Chelsea Market
  • Address 75 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,000
notes
The tea shop took space for a store.
  • Event Retail Leasing
  • Building Name Chelsea Terminal Warehouse
  • Address 261 Eleventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 3,700
notes
Art gallery signed a 10-year lease for 3,700 square feet on the ground floor of the property where asking rents are reportedly $40 per square foot. The move was made in conjunction with seven other art galleries.
  • Event Retail Leasing
  • Building Name Chelsea Terminal Warehouse
  • Address 261 Eleventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,200
  • Publication Date 05/01/2006
  • Event Date 03/22/2006
  • Party 1 Waterfront NY
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Roxanne Betesh
  • Party 2 Schroeder Romero and Plus Ultra Gallery
  • Party 2 Brokerage J.W. Burke & Company
  • Party 2 Broker Mojgan Khaghan
notes
The two art galleries teamed to sign a ten year lease for 2,200 square feet on the ground floor of the property where asking rents are reportedly $40 per square foot. The move was made in conjunction with seven other art galleries.
  • Event Retail Leasing
  • Building Name Chelsea Terminal Warehouse
  • Address 261 Eleventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 4,666
  • Publication Date 05/01/2006
  • Event Date 03/22/2006
  • Party 1 Waterfront NY
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Roxanne Betesh
  • Party 2 Wallspace Gallery
  • Party 2 Brokerage HomeWorkPeople
  • Party 2 Broker Mark Oleszek, Jane Stuart
notes
Art gallery signed a 10-year lease for 2,333 square feet on the ground floor and 2,333 square feet in the basement; asking rents are reportedly $40 per square foot. The move was made in conjunction with seven other members of the New Art Dealers Alliance art galleries.
  • Event Retail Leasing
  • Building Name Chelsea Terminal Warehouse
  • Address 261 Eleventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 1,167
  • Publication Date 05/01/2006
  • Event Date 03/22/2006
  • Party 1 Waterfront NY
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Roxanne Betesh
  • Party 2 SLP Art Culture Commerce, Ltd.
  • Party 2 Brokerage HomeWorkPeople
  • Party 2 Broker Mark Oleszek, Jane Stuart
notes
Art gallery signed a 10-year lease for 1,167 square feet on the ground floor of the property where asking rents are reportedly $40 per square foot. The move was made in conjunction with seven other members of the New Art Dealers Alliance art galleries.
  • Event Retail Leasing
  • Building Name Chelsea Terminal Warehouse
  • Address 261 Eleventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 4,666
  • Publication Date 05/01/2006
  • Event Date 03/22/2006
  • Party 1 Waterfront NY
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Roxanne Betesh
  • Party 2 John Connelly Presents
  • Party 2 Brokerage HomeWorkPeople
  • Party 2 Broker Mark Oleszek, Jane Stuart
notes
Art gallery signed a 10-year lease for 2,333 square feet on the ground floor and 2,333 square feet in the basement; asking rents are reportedly $40 per square foot. The move was made in conjunction with seven other members of the New Art Dealers Alliance art galleries.
  • Event Retail Leasing
  • Building Name Chelsea Terminal Warehouse
  • Address 261 Eleventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,334
  • Publication Date 05/01/2006
  • Event Date 03/22/2006
  • Party 1 Waterfront NY
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Roxanne Betesh
  • Party 2 Foxy Production
  • Party 2 Brokerage HomeWorkPeople
  • Party 2 Broker Mark Oleszek, Jane Stuart
notes
Art gallery signed a 10-year lease for 1,167 square feet on the ground floor and 1,167 square feet in the basement; asking rents are reportedly $40 per square foot. The move was made in conjunction with seven other members of the New Art Dealers Alliance (NADA) art galleries.
  • Event Retail Leasing
  • Building Name Chelsea Terminal Warehouse
  • Address 261 Eleventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 3,706
  • Publication Date 05/01/2006
  • Event Date 03/22/2006
  • Party 1 Waterfront NY
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Roxanne Betesh
  • Party 2 Derek Eller Gallery
  • Party 2 Brokerage HomeWorkPeople
  • Party 2 Broker Mark Oleszek, Jane Stuart
notes
Art gallery signed a 10-year lease for 1,853 square feet on the ground floor and 1,853 square feet in the basement; asking rents are reportedly $40 per square foot. The move was made in conjunction with seven other members of the New Art Dealers Alliance art galleries.
  • Event Retail Leasing
  • Building Name Chelsea Terminal Warehouse
  • Address 261 Eleventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 7,000
  • Publication Date 05/01/2006
  • Event Date 03/22/2006
  • Party 1 Waterfront NY
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Roxanne Betesh
  • Party 2 Clementine Gallery
  • Party 2 Brokerage HomeWorkPeople
  • Party 2 Broker Mark Oleszek, Jane Stuart
notes
Art gallery signed a 10-year lease for 3,500 square feet on the ground floor and 3,500 square feet in the basement. Asking rents are reportedly $40 per square foot in the building. The move was made in conjunction with seven other members of the New Art Dealers Alliance art galleries.
  • Event Retail Leasing
  • Building Name Chelsea Terminal Warehouse
  • Address 261 Eleventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 1,200
notes
Coffee roaster for some top restaurants and hotels signs 10-year lease for a showroom for its clients. The space will include a café for building tenants.
  • Event Retail Leasing
  • Building Name Chelsea Market
  • Address 75 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 4,575
notes
Restaurant combined with shop; concept popular in London
  • Event Office Leasing
  • Building Name Capitol at Chelsea
  • Address 776 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 23,593
  • Publication Date 12/01/2005
  • Event Date 10/22/2005
  • Party 1 Chelsea New York Realty Company
  • Party 1 Brokerage Rose Associates
  • Party 1 Broker Bruce Spiegel
  • Party 2 Tutor Time of New York
  • Party 2 Brokerage Commercial Real Estate NYC
notes
Childcare and learning center signs 15-year lease for the entire second floor. This is the company's second Manhattan location and should open this fall.
  • Event Office Leasing
  • Building Name Chelsea Market
  • Address 75 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 44,000
notes
The tenant inked a lease extension.
  • Event Office Leasing
  • Building Name Chelsea Market
  • Address 75 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 16,000
  • Price per foot $ 55.00
notes
The local business search engine firm signed a three-year lease on the seventh and eighth floors.
  • Event Office Leasing
  • Building Name Chelsea Market
  • Address 75 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 65,493
notes
The world's largest music publisher signed a 10-year lease for a portion of the fourth floor in the eight-story, 1-million-square-foot office building. The tenant is consolidating operations from 810 Seventh Avenue and 1290 Sixth Avenue.
  • Event Office Leasing
  • Building Name Chelsea Market
  • Address 75 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 10,743
notes
The marketing agency signed a lease.
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