A commercial condominium at 545 West 25th Street, located between Tenth and Eleventh Avenues in Manhattan’s Chelsea neighborhood, was sold in an all cash transaction valued at $2,700,000.
The property is a sixth floor commercial condo located on the sixth floor of the Chelsea Arts Tower. Originally completed in 2006, the unit boats 10 to 11 foot ceilings, Hudson River views, floor to ceiling windows, electronic keyed elevator access and a 24-hour doorman. The property is ideally located just steps form the High Line in the heart of the Chelsea Gallery District. The sale price equates to approximately $652 per square foot.
“The buyer is very excited to own in the Chelsea Arts Tower and is looking forward to building out his new gallery space. The unit requires some work to complete the renovation that was previously planned, so this ended up being a nice match.” said Massey Knakal Director of Sales Brock Emmetsberger who exclusively represented the seller with Cindy Glanzrock of Glanzrock Realty Services.
This sale represented the sixth transaction that Massey Knakal has completed in Chelsea this year.
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Neighborhoods: Chelsea