Chelsea | The Real Deal New York

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Chelsea

Chelsea
New York, NY 10011

Chelsea is a neighborhood on the west side of Manhattan, bounded by 14th Street, 30th Street, the Avenue of the Americas (Sixth Avenue), and the Hudson River and West Street. The neighborhood was known for its gay and lesbian residents and art galleries, but this characteristic has given way to high-end condominiums populated by transplanted urban professionals as rents and land prices have risen across New York City. JDS Development converted The Walker Tower, an old Verizon building at 210 West 18th Street into upscale condominiums. In 2010, internet search giant Google acquired a warehouse-to-tech office conversion at 111 Eighth Avenue that was at one time owned by The Port Authority of New York and New Jersey. The rent-stabilized residents of The Chelsea Hotel on 23rd Street have so far resisted the efforts of a series of developers hoping to conduct a condo-conversion at the cultural landmark. -TA

  • Address Chelsea
  • neighborhood Chelsea
  • borough Manhattan

10/16/18
...loan for its High Line-spanning rental complex 507 West Chelsea, centered around 507 West 28th Street. This replaced $165 million worth of bonds from New York...

10/16/18
...and 60,000 square feet at 511 West 25th Street in Chelsea. SoftBank is reportedly in talks to take a majority stake in WeWork, which could...

10/15/18
...represented Google in its $2.4 billion purchase of the Chelsea Market building this year. But Fried Frank’s Robert Sorin, who handled that deal...

10/15/18
...this year that Jamestown Properties was selling the Chelsea Market building to Google for $2.4 billion, the story went viral. But behind the scenes...

10/13/18
...later this month at 152 West 24th Street in Chelsea, will let customers go fishing for their food, according to the Wall Street Journal...

10/11/18
...a blockbuster $900 million purchase of Terminal Stores in Chelsea with partner L&L Holding Co. — Meenal Vamburkar...

10/11/18
...renting an apartment. One manicurist who works in Chelsea told TRD she paid $10,000 in tea money for her first Chinatown apartment in 2000. That...

10/11/18
...Tower, which sits at 212 West 18th Street in Chelsea, JDS admittedly got caught flat-footed. Like Rabsky’s Williamsburg rental, the Verizon tower-turned-luxury condo...

10/10/18
On a Thursday morning in March 2013, Silverstein Properties’ Marty Burger was trying to keep his cool. His meeting with three major banks to negotiate...

10/08/18
WeWork just signed one of its largest lease deals this year, taking 117,000 square feet at 575 Lexington Avenue in Midtown. The co-working firm’s new...

10/08/18
Joy Construction and Maddd Equities have received a $45 million bridge loan to refinance one of their Hudson Yards projects. The loan for 445 West...

10/08/18
...Clint Olsen and Will Suarez, who specialize in Chelsea, Midtown East and Lower Manhattan, respectively. Olsen and Garvin worked with Knakal on the...

10/05/18
...services referral site for startups, live in a Chelsea rental building at Seventh Avenue and West 26th Street with their two children. 6:45 a...

10/05/18
Hudson Yards dominated last month’s list of the largest real estate projects on their way to New York. Developments in the neighborhood took the top...

10/04/18
...The partners acquired the properties, collectively called the "Chelsea Collection," for $83 million earlier this week. The package, with the address of 102-116 Eighth...

10/04/18
Manhattan investment sales declined sharply in August, with just over $1.4 billion recorded, the lowest this year. The nearly 60 percent drop from July continued...

10/04/18
...comment. Two of the buildings are in West Chelsea: The 405-unit AVA High Line at 525 West 28th Street and the 305-unit Avalon West...

10/03/18
...is marketing celebrity chef Bobby Flay’s $7 million Chelsea apartment, though ironically that listing did not come from an online lead. Still, the...

10/01/18
...Port Authority building for $1.9 billion in 2010 and the Chelsea Market building for $2.4 billion this year. And now, Brodsky’s capitalizing on the growth...

Manhattan investment sales declined sharply in August, with just over $1.4 billion recorded, the lowest this year. The nearly 60 percent drop from July continued...

On a Thursday morning in March 2013, Silverstein Properties’ Marty Burger was trying to keep his cool. His meeting with three major banks to negotiate...

...Tower, which sits at 212 West 18th Street in Chelsea, JDS admittedly got caught flat-footed. Like Rabsky’s Williamsburg rental, the Verizon tower-turned-luxury condo...

...Clint Olsen and Will Suarez, who specialize in Chelsea, Midtown East and Lower Manhattan, respectively. Olsen and Garvin worked with Knakal on the...

...this year that Jamestown Properties was selling the Chelsea Market building to Google for $2.4 billion, the story went viral. But behind the scenes...

...services referral site for startups, live in a Chelsea rental building at Seventh Avenue and West 26th Street with their two children. 6:45 a...

07/11/16
...of the Robert Fulton public housing complex in Chelsea. The mixed-income rental project was first planned 12 years ago under the Bloomberg administration, but...

...least six addresses across Manhattan’s Financial District, Chelsea and Hudson Yards neighborhoods that are currently receiving the 421a benefit and four buildings...

...commercial development project at 540 West 26th Street in Chelsea. While more deals do equal more financings, there may be a silver lining for...

01/08/16
...office and retail building at 76 11th Avenue in Chelsea, where it will also submit plans for 300 condo units in a separate tower. Woods...

Joseph Chetrit and 257 West 34th Street
01/04/16
...Village,Joseph Chetrit And 257 West 34th Street in Chelsea 1.) Joseph Chetrit’s Chetrit Group and Shifra Hager’s Cornell Realty Management purchased one...

...on an area along the Hudson River in Chelsea. In 1993, developer Irwin Cohen paid $9 a square foot for a rundown complex on that...

12/28/15
...steel, the developers of 475 West 18th Street in Chelsea haven’t heard about it. The Chelsea residential condo building will be constructed entirely...

...-building, 979-unit Manhattan package, which is scattered through Chelsea and the Upper East Side. “When it came to pulling the trigger, they couldn...

10/22/15
...for 66,000 square feet at 142 West 24th Street in Chelsea, one of the properties in the 14-building Ring portfolio that it purchased in 2014.  Barnett's...

10/14/15
...listings on Airbnb for that area. In Midtown, Chelsea and the Meatpacking District, of 2,787 listings total, between 265 to 503, or 10 to 18 percent, are commercial...

...office space (with an option for expansion) in Chelsea. The San Francisco-based company, which has raised $8.2 billion since 2013, pays a mere $36 per square...

...Manhattan are seeing an influx of new condos. Chelsea and Midtown West are each expected to see roughly 2,500 new condos hit the market...

...th and 19th floors of Walker Tower in Chelsea that were together asking $60 million. The units are owned by developers Elliott Joseph and...

...Whittle, who founded the Avenues private schools in Chelsea. The listing came on the market in November with Peter Turino, the president of...

...more on the way, including 23,000 square feet in Chelsea that it leased last month. While most of its spaces are in Midtown or...

...and Property Markets Group’s Walker Tower in Chelsea. The company has 2,121 units across 35 projects. Standing out from the pack “I’d say...

Midtown Manhattan
...represented Google in its two expansions at the Chelsea Market. The cutting-edge tenants who sign in the area “don’t want to walk...

...a block away from the High Line in Chelsea: The Norman Foster-designed 551 West 21st Street. Sales at the project, which is being developed...

...by the residential towers of Battery Park City. Chelsea/High Line 542 West 21st Street Developer: Casco Development Price per square foot for site...

...square feet to its space at Jamestown Properties’ Chelsea Market for rents in the mid-$60s per square foot. The average asking rent...

...for 60,919 square feet at 249 West 17th Street in Chelsea. The deal was signed in October, and Room & Board will open in the...

...Broadway. Meanwhile, 45 percent of the space leased in Chelsea was taken by tech firms this year. In Midtown South overall, 38 percent of the...

...among the most heated of these areas are Chelsea, Tribeca and the Upper East and Upper West Sides. Indeed, all of Manhattan’s...

...some rentals that it built, such as the Chelsea Landmark on West 25th Street and Sixth Avenue. Still, less than 20 percent of its...

...available for-sale units in 2012 (see "Midtown West, Tribeca, Chelsea rank as Manhattan 'hoods with steepest inventory plunge"). “The Lower East Side and East...
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FirstResidential
...buildings across the city can be found in Chelsea, Downtown or on the Upper West Side. View the full report online here. Luxury...

...Rents in Midtown, Chelsea and Hell’s Kitchen would drop by around $39 to $67 a month if Airbnb rentals...

...million. The priciest contract signed was for a Chelsea penthouse at the Walker Tower Condominium, listed for $50.9 million. The sale was also one...

...Manhattan, new development sales were most active in Chelsea, while  Boreum Hill and Cobble Hill led new development sales in Brooklyn during the...