A commercial loft building at 167 West 21st Street, located between Sixth and Seventh Avenues in Manhattan’s Chelsea neighborhood, was sold in an all cash transaction valued at $1,920,000.
The four-story property is approximately 2,400 square feet and sits on a 25’ x 24.65’ lot. There is a step-down retail unit and three commercial units above. The interior benefits from an open-air steel staircase, interior windows, and two top floor skylights. The building included updated HVAC and electrical systems. The sale price equates to $800 per square foot.
“Some of the current tenant will remain in place and the balance of the property will be occupied by the buyer, who designs and manufactures custom light fixtures.” said Massey Knakal Director of Sales Brock Emmetsberger who exclusively represented the seller in this transaction.
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Neighborhoods: Chelsea