Chelsea office building sells for $15M

Infinity Capital Management has purchased a 16-story office building at 247 West 30th Street for $15.85 million from the Good Land Realty Corp. The 67,000-square-foot property has two retail spaces on the ground floor and offices ranging from 2,500 to 5,000 square feet. The new owners plan to restore and modernize the lobby, replace the exterior windows and install new elevators to create boutique offices in an area that was once dominated by the garment trade. The building was built in 1926 and renovated in 1988. TRD