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New York & Tri-State  + Downtown New York  + Apartments  | 

Meridian Team Handles Auction of Chelsea Condo Project

Meridian Investment Sales has been retained in the bankruptcy auction of 435 W. 19th St., a mid-construction boutique residential condominium building in the West Chelsea neighborhood. Senior executive managing director David Schechtman and managing directors Lipa Lieberman and Abie Kassin are overseeing the sale.

Currently mid-conversion from a five-story office building, 435 W. 19th will feature 19 condo units across eight stories upon completion. The property features 50 feet of frontage along West 19th Street and average unit sizes of 1,400 square feet.

Consisting of one studio unit, 12 one-bedroom units, two two-bedroom units, and three three-bedroom penthouse apartments across 35,588 gross square feet, the condos are positioned to capture the growing demand for residential space in Chelsea’s budding west side, Meridian says. Investors can expect to achieve sellouts in excess of $2,000 per square foot when the finished property’s condo units hit the residential market, according to Meridian.

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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 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).