Salsa singer Blades in contract in Chelsea

New York /
Feb.February 11, 2010 04:30 PM
The brownstone at 407 West 21st Street and salsa legend Rubén Blades

Salsa singer, actor and politician Rubén Blades signed a
contract to buy a five-story Chelsea townhouse for $3.95 million from
the Archdiocese of New York, court papers show.

Blades inked the agreement Nov. 30 to purchase the 1842 Italianate
brownstone at 407 West 21st Street that was owned by the Roman
Catholic Church of the Guardian Angel, a petition filed Feb. 8 in New
York State Supreme Court indicates.

The church filed the petition as part of the process for a non-profit
to sell significant assets.

Blades, 61, sold his Los Angeles home last year for $2.4 million,
about $1 million above the purchase price in 2001, the Los Angeles
Times reported in December.

A publicist for Blades’ tour of the United States and Latin America
said he was traveling, and was not immediately available for comment.

The Panamanian-born singer served from 2004 to 2009 as the minister of
tourism for the Central American country, and recently announced he
would return to his music career.

The 6,380-square-foot Former Convent Near Ninth Avenue has been vacant
for decades, said James Nelson, a partner at Massey Knakal Realty
Services, who represented the seller. The building is within
the Chelsea Historic District.

Massey Knakal listed the building for $3.95 million, which was the
contract price. Nelson, citing confidentiality agreements, would not
comment on the buyer or the contract price.
Information on the buyer’s broker was not immediately available.

He said the building had over a dozen offers, although some were as
low as 20 percent below the asking price.

The sale had not yet closed by Feb. 8, according to the document.


Related Articles

arrow_forward_ios
Pandemic lockdowns for all three cities started in the last full week of March 2020, but office use had already plunged the week before as companies proactively sent workers home (iStock)
Manhattan lags Chicago, LA in returning to the office
Manhattan lags Chicago, LA in returning to the office
The last mile-high club: Brokers adapt to a booming industrial market
The last mile-high club: Brokers adapt to a booming industrial market
The last mile-high club: Brokers adapt to a booming industrial market
David Abrams with 45 Northeast 41st Street (left) and 1212 Lincoln Road in Miami (masonre)
Former Newmark broker launches commercial real estate brokerage in Miami, NYC
Former Newmark broker launches commercial real estate brokerage in Miami, NYC
Alchemy ABR’s Kenneth Horn and Brian Ray, Cain's Jonathan Goldstein and Calvary Baptist Church (Google Maps, Getty)
Alchemy-ABR nabs $250M loan for spec office tower project
Alchemy-ABR nabs $250M loan for spec office tower project
Calvary Baptist Church and the Salisbury Hotel at 123-141 West 57th Street with Alchemy principal Ken Horn (right) and Cain senior managing director Eric Poretsky (Google Maps, Alchemy, Cain)
Alchemy-ABR closes on stalled deal for Billionaires’ Row office building
Alchemy-ABR closes on stalled deal for Billionaires’ Row office building
The grand reopening: As restrictions lift, CRE markets race toward recovery
The grand reopening: As restrictions lift, CRE markets race toward recovery
The grand reopening: As restrictions lift, CRE markets race toward recovery
A rendering of the project at 1 Park Row in the Financial District. (Winick)
L.A.-based lender puts FiDi project into construction with $90M loan
L.A.-based lender puts FiDi project into construction with $90M loan
Eli Broad (Getty)
Developer Eli Broad dies; vision for LA extended past real estate
Developer Eli Broad dies; vision for LA extended past real estate
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...