Chelsea “asylum” to become luxury residences

May 11, 2012 02:00PM

The buyer who recently closed on a former church-run asylum in Chelsea is tearing down the building and developing a six-story residential building, Manhattan Loft Guy reported. Last month, an LLC that records show is based out of Rhinebeck, N.Y. closed on the $4 million purchase of 124 West 16th Street. The three-story structure was sold by the French Evangelical Church of New York, which had used it as a “miscellaneous asylum and home,” according to Streeteasy.com.

But the new owner filed plans to demolish the existing 4,000-square-foot building and replace it with a six-story, 12,643-square-foot structure with six floor-through units, Department of Buildings records show. The plans were designed by David Howell of DHD Architecture Design and are awaiting approval.

Manhattan Loft Guy said the same developer previously worked with Howell on a five-story codnominium conversion at 225 East 24th Street in 2007. A 3,600-square-foot unit in that building was sold in December for $3.84 million. [Manhattan Loft Guy via Curbed]