The Real Deal New York

Wonder Works, Girona list Chelsea townhouse for $37M

West 17th St. property formerly housed Karim Rashid's studio
December 02, 2016 04:00PM

357 West 17th Street (credit: Compass)

357 West 17th Street (credit: Compass)

Wonder Works Construction and Development, in partnership with Girona Ventures, listed a 11,000-square-foot Chelsea townhouse for $36.8 million, after extensively renovating the property.

357 West 17th Street (credit: Compass)

The five-bedroom property on West 17th Street was once the studio of designer Karim Rashid, the Wall Street Journal reported. In 2014, developers Jeff Ravetz of Girona Ventures and Wonder Works bought the house for $9.35 million.

357 West 17th Street (credit: Compass)

357 West 17th Street (credit: Compass)

The property now features an elevator, an indoor gym, a glass-enclosed wine room and a home theater, according to the paper. The basement has an indoor swimming pool, sauna and steam room. The landscaped roof deck boasts a hot tub, as well as dining and lounging areas.

Alyssa Brody and Sabina Belkin of Compass have the listing.

Last month, Wonder Works, in partnership with Fimida Enterprises and Mink Development, got approval to sell condominium units at its Upper East Side project at 302 East 96th Street.

357 West 17th Street (credit: Compass)

357 West 17th Street (credit: Compass)

Girona Ventures focuses on acquiring commercial properties, some of them in the Bronx, Queens and Westchester, according to its website. [WSJ]Miriam Hall