Carriage House in Chelsea almost half sold

New York /
Mar.March 23, 2012 03:00 PM

The 24-unit Chelsea condominium the Carriage House, at 159 West 24th Street, is almost half sold and has received a temporary certificate of occupancy, according to a statement from the developer today. The building had previously hit some stumbling blocks, but relaunched in June of last year.

The renovated Carriage House, between Sixth and Seventh avenues, offers two-bedroom penthouses, one-bedroom units, duplex lofts and studio lofts. Homes range from 556 to 1,100 square feet and $695,000 for a studio to $3.6 million for a penthouse, according to the statement. Only one penthouse, the larger of two, is still available, a spokesperson for the developer said.

Eamon Roche, Joshua Sacks and Eric Gray, who together form development company the Broad Mill Group, purchased the property, then a parking garage, in 2006 for $8.75 million, according to published reports. After difficulties following the collapse of Lehman Brothers Holding Company, the mortgage originator had moved to foreclose, but eventually their lender, MidFirst bank, offered to forgo penalties so long as they paid interest and met benchmark deadlines, putting the project back into the developer’s hands.

The renovated Carriage House retains many elements of the original building, which was erected around 1900, such as cast-iron columns, a limestone façade and exposed brick walls.

Four buyers, of 10 in contract so far, have already moved into the building, where Jocelyn Turken, Joél Moss and Herbert Chou of Warburg Marketing Group are exclusively handling sales. — Guelda Voien

 

Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Paul Manafort sells deteriorating Bridgehampton estate above $10M ask
Paul Manafort sells deteriorating Bridgehampton estate above $10M ask
Paul Manafort sells deteriorating Bridgehampton estate above $10M ask
The boom is largely fueled by investors snagging a large number of single properties in a multitude of deals, rather than previous booms featuring plentiful portfolio sales, or sales of entire companies. (iStock)
CRE has biggest-ever sales quarter
CRE has biggest-ever sales quarter
Hochul weighing expansion of Community Reinvestment Act
Hochul weighing expansion of Community Reinvestment Act
Hochul weighing expansion of Community Reinvestment Act
Givenchy is open at 92 Greene Street in Soho NYC and Gucci has a pop up 446 West 14th Street in Meatpacking District NYC. (Google Maps, Thor)
Tony retailers flocking back downtown
Tony retailers flocking back downtown
Zelig Weiss bids for William Vale Hotel after All Year’s demise (William Vale)
In fight over William Vale hotel, Zelig Weiss offers to buy it
In fight over William Vale hotel, Zelig Weiss offers to buy it
arrow_forward_ios

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

Loading...