Chelsea “asylum” to become luxury residences

TRD New York /
May.May 11, 2012 02:00 PM

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]


Related Articles

arrow_forward_ios
(iStock)

Yes in God’s Backyard: How building affordable housing could be a lifeline for churches

Yes in God’s Backyard: How building affordable housing could be a lifeline for churches
42-46 2nd Avenue (Credit: Google Maps)

LA real estate firm buys shuttered church site for $40M

LA real estate firm buys shuttered church site for $40M
Alchemy ABR's Kenneth Horn and Brian Ray with 123-141 West 57th St (Credit: Alchemy ABR and Google Maps)

Developer behind Woolworth conversion planning Billionaires’ Row office tower

Developer behind Woolworth conversion planning Billionaires’ Row office tower
St. Luke Baptist Church at 1916 Park Avenue (Credit: Google Maps and iStock)

Harlem church accuses real estate firm of “Old Testament Vengeance” in $20M lawsuit

Harlem church accuses real estate firm of “Old Testament Vengeance” in $20M lawsuit
From left: 195 Bond Street in Boerum Hill, 182-184 Avenue A in the East Village, and 74-16 Grand Avenue in Elmhurst (Credit: Google Maps)

Here’s what the $10M-$20M NYC investment sales market looked like last week

Here’s what the $10M-$20M NYC investment sales market looked like last week
UES church sells York Ave home to Weill Cornell for $68M

UES church sells York Ave home to Weill Cornell for $68M

UES church sells York Ave home to Weill Cornell for $68M
Billionaire cuts $10M deal to build new residential building on Harlem church site

Billionaire cuts $10M deal to build new residential building on Harlem church site

Billionaire cuts $10M deal to build new residential building on Harlem church site
Placeholder image

Hotelier buys St. Vincent de Paul, two other buildings for $50M

Hotelier buys St. Vincent de Paul, two other buildings for $50M
arrow_forward_ios

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

Loading...