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New York & Tri-State  + Downtown New York  + Apartments  | 
455 West 17th Street Chelsea Manhattan

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. 


Inside The Story

Avison Young’s Nelson, Levine, Shalom and Marolda

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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