JLL Capital Markets just announced its been tapped by Elizabeth F. Stribling and Elizabeth Ann Stribling-Kivlan to sell 340 West 23rd Street, a four-story, mixed-use building in New York’s Chelsea area.
The building previously housed Stribling’s Chelsea offices before the company was bought by Compass. Public records show Stribling transferred ownership of the building to an LLC the day before that merger.
They are asking $7.95 million for the 5,927 s/f of retail and residential space that also has 3,949 available square feet of air rights.
The JLL professionals overseeing the sale assignment include Brock Emmetsberger, Managing Director; and Ryan Kossoy and Reed Waggoner, Associates.
“This historic property, with its high ceiling heights and original detailing, is part of the unique fabric of Chelsea,” said Emmetsberger. “340 West 23rdStreet’s air rights options make this property an ideal investment.”
The four-story 340 West 23rd Street was originally constructed in 1819 by James N. Wells & Sons. The historic property totals 5,927 square feet, with 2,910 square feet of retail space on the first and second floors. The commercial units have high ceiling heights and original detailing throughout the space and enjoy light and air exposure on all four sides.
Stribling rents two other offices at 32 Sixth Avenue and the Hammacher Schlemmer building at 924 Madison. Both are still open and operating.