New York & Tri-State + Downtown New York + Hospitality | March 2, 2023

Lucille Lortel Theatre Acquires Chelsea Carriage House

The Lucille Lortel Theatre has purchased a three-story carriage house in Chelsea for $5.35 million in a transaction arranged by Denham Wolf Real Estate Services. Located at 134 W. 18th St., the building will act as the Theatre’s new headquarters, featuring a fully accessible 61-seat studio theater, a public, collaborative co-working space for artists and new office space.

The purchase will expand the Theatre’s real estate portfolio, having a positive impact on its financial capacity and security, in addition to helping promote its growing programmatic initiatives in the New York City Off-Broadway theatre community. The fully renovated space is expected to open in 2025 and is in addition to the Theatre’s recently renovated historic theatre on Christopher Street.

Denham Wolf has been the Lucille Lortel Theatre’s real estate partner for more than two decades.

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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 GlobeSt.com 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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