The Real Deal New York

McMillan’s DDG buys Chelsea art gallery for $24M

Site has 27,500 buildable sf for resi or mixed-use redevelopment
November 14, 2014 04:40PM

Condo developer Joe McMillan’s DDG grabbed a Chelsea development site for $24.3 million.

Alf Naman put the one-story Anton Kern Gallery at 532-534 West 20th Street, between 10th and 11th avenues, on the market for $27 million in June, as The Real Deal reported. Massey Knakal Realty Services’ James Nelson and a 5Points Group team brokered the deal, according to Crain’s.

The land boasts 27,500 buildable square feet for residential or mixed-use development. The property last sold, to Naman, for $3.5 million in 2005, as previously reported. [Crain’s] — Mark Maurer