Manhattan, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, has been exclusively retained in the bankruptcy auction of 435 West 19th St., a mid-construction, luxury boutique residential condominium building in the West Chelsea neighborhood. Senior executive managing director, David Schechtman, and managing directors, Lipa Lieberman and Abie Kassin, have been retained in the sale.
Currently mid-conversion, 435 West 19th St. will feature 19 residential condominiums across eight stories upon completion. Previously configured as a five-story office building, the residences boast a loft-like feel with natural light, a desirable quality for condominium developments. The property features 50 ft. of frontage along West 19th St. and average unit sizes of 1,400 s/f along with commercial sized windows and excellent ceiling heights. Consisting of one studio unit, 12 one-bedroom units, two two-bedroom units, and three three-bedroom penthouse apartments across 35,588 gross s/f, the condominiums are well positioned to cater to some of New York’s most affluent residents as well as capture the growing demand for residential space in Chelsea’s budding west side. Investors can expect to achieve sellouts in excess of $2,000 per s/f as spacious residences of this caliber rarely come to market.
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