Ginsberg Development Corp., LLC, has acquired a development site at 241-5 West 19th Street in Chelsea between Seventh and Eighth Avenues where it plans to erect a 12-story residential condominium building.
The planned structure will contain 19 apartments and a 2,000-square-foot community facility.
The units will range in size from about 1,100 to 2,000 square feet and six of the units will have outdoor space.
The property was acquired for $13.5 million from West 19th Street Development LLC.
According to Roland A. Solarz and Eric M. Anton, senior managing directors of Eastern Consolidated, Inc., who represented the seller, and Mary Willison, also of Eastern Consolidated, who represented the buyer, the sale equated to $443 per F.A.R. foot and is "believed to be a record for a mid-block site south of 42nd Street."
The site, which was formerly occupied by a four-story commercial structure and a three-story residential structure, was delivered vacant to the buyer.
The planned structure will contain 19 apartments and a 2,000-square-foot community facility.
The units will range in size from about 1,100 to 2,000 square feet and six of the units will have outdoor space.
The property was acquired for $13.5 million from West 19th Street Development LLC.
According to Roland A. Solarz and Eric M. Anton, senior managing directors of Eastern Consolidated, Inc., who represented the seller, and Mary Willison, also of Eastern Consolidated, who represented the buyer, the sale equated to $443 per F.A.R. foot and is "believed to be a record for a mid-block site south of 42nd Street."
The site, which was formerly occupied by a four-story commercial structure and a three-story residential structure, was delivered vacant to the buyer.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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