The Reel

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A blog for breaking sales and neighborhood real estate news.

Massey Knakal Realty Services has sold the 3rd floor of a 10 full floor commercial condominium offering at 137 West 25th Street to a not-for-profit end user for $2,025,000.  The 3rd floor sold at the lowest price point.  The not-for-profit status of the buyer was also taken into consideration.  Each floor is approximately 5,900 SF with the 10 floors combining for approximately 59,000 SF.  Floors still available are the 2nd FL and the 4th – 11th floors.  The 2nd floor has 13’ ceilings and the rest of the floors feature 11’ ceilings.  The building has recently upgraded systems and new windows in the front.  Each floor has HVAC in good working condition with the exception of one gutted floor.  The remaining units are priced starting at $2,350,000.    

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Neighborhoods: Chelsea/ Agents: Robert Burton