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Deals & Dealmakers

Chelsea retail condo trades for $11M

JLRE and HF Realty (an affiliate of Schuckman Realty Inc.) have partnered in the purchase of a corner retail condo at 300 West 23rd Street on the corner of 23rd Street and Eighth Avenue in Chelsea, New York. NY 11011 for $11,00,000.

The listing brokers were Brandon Polakoff and Brent Glodowski of Avison Young, who represented the sellers Charles Washington LP and Ary Freilich.

The property is currently tenanted by Starbucks, The Vitamin Shop, ASUKA Sushi, and QQ Nails & Spa. In addition, there is a 1,050 SF retail space available, for which. Schuckman Realty Inc. is actively seeking tenants.

The property is located at the 23rd Street ACE Subway Station, which was seeing approximately 7.2 million riders annually. There is a 146-unit residential building being constructed on opposite corner, and it will feature Target as a street level tenant.

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