Massey Knakal Realty Services has been retained to sell a loft building at 221-225 West 17th Street, between Seventh and Eighth Avenues in Chelsea’s ‘Silicon Alley’.
The asking price is $29,500,000, according to Brock Emmetsberger, who is exclusively marketing the property with Hall Oster.
“The property is coming to market for the first time in 20 years. With very little supply presently available in Chelsea, we expect heavy interest from investors, developers and end-users alike,” said Emmetsberger.
The six-story elevator office building contains 33,188 s/f and located in the mixed-use zone. With the majority of the property owner-occupied, a buyer has the ability to begin renovations or conversion immediately upon acquisition.
The site sits steps from Chelsea Market, the High Line, and prime retail. Creative tenants in the area include Google, Red Bull, and Microsoft.