
Avison Team Markets Mixed-Use in Chelsea
The New York Investment Sales group for Avison Young has been hired to sell 453-455 W. 17th St., a 21,091-square-foot, mixed-use, four-story elevator building in Chelsea. The asking price is $17 million.
The building offers 50’ of frontage, benefitting the retail component on the first floor, currently occupied by 1 OAK, one of New York City’s most popular nightclubs. The three upper floors are built out for office space. The air rights have already been sold to the neighboring development on Tenth Avenue.
The property is being marketed on behalf of ownership by an Avison Young team led by principal and head of tri-state investment sales James Nelson, directors Mitchell Levine and David Shalom, and associate Alexandra Marolda.
“Ideally located steps away from the High Line, this exceptional property is situated in one of Manhattan’s most attractive and sought after neighborhoods,” said Nelson.
- ◦Sale/Acquisition