5.5% CAP rate. The Chelsea Arts Tower is Manhattan's first art gallery condominium situated in the heart of the Chelsea gallery district. The sleek glass and concrete, 20-story, class A commercial building was developed by Young Woo Associates, Jack Guttman and designed by award-wining firm Kossar + Garry Architects in 2006. The building was designed to house exclusive luxury spaces, art galleries, and select art-related businesses.
For over a decade the building has evolved to welcome additional lines of business such as fashion showrooms, event spaces, and PR companies. The Chelsea neighborhood is also home to various tech firms including Google and other notables such as Twitter, YouTube, and Uber.
The building features a reception desk staffed from Monday through Saturday, two passenger elevators, and an oversized freight elevator with a capacity of 8,000 lbs. There is 24/7 keyed access, high speed fiber optics, and state of the art security.
There are currently 13 well-known occupants in the building spanning the 21 floors. Five of those thirteen businesses have a presence that spans multiple floors. Some notable occupants include Marlborough Gallery, Tina Kim Gallery, Calvin Klein Studios, FLAG Art Foundation, and Joan Mitchell Foundation.
The 7th floor is currently home to a private office with 4,140 SQFT thoughtfully divided into gallery and supporting office space. The floor offers floor-to-ceiling windows, exceptional light, polished concrete floors, centralized HVAC, 11' ceiling height, and a contemporary design by award-winning interior designer Clodagh.
Chelsea's residential and commercial real estate landscape continues to grow, in part due to Google, We Work, and the Hudson Yards Redevelopment Project. The Chelsea neighborhood is home to more than 200 art galleries and is an ideal location for a business seeking an open, dynamic and creative space to inspire their employees. The building's proximity to luxury residential buildings, the High Line, the Fashion Institute of Technology, the newly opened 7 subway, numerous outstanding restaurants, and bars makes it a desirable location for any business looking to settle in a vibrant area of New York City.
This expansive, elegant, and well-proportioned corner loft with high ceilings in white glove Mercantile building provides a truly sophisticated Chelsea living and entertaining space. Bathed in sunlight from 12 over-sized sound proof windows facing east and south, this home is currently configured...
Listing ID 3478877
This generous 2,146-SF floor-through residence features over 1200 square footage of terrace and sits directly adjacent to West Chelsea's High Line Park. Living spaces are drenched in natural daylight through oversized southern and northern windows which stretch from floor to ceiling. Entertain...
Listing ID 3469836
Isay Weinfeld's first condominium commission in New York City, Jardim comprises 36 one- to four-bedroom residences spread across two elegantly understated towers. Jardim Norte and Jardim Sul have surrounding lush, tranquil, multilevel courtyard gardens open to the sun and sky, designed in...
Listing ID 2405171
Beautifully renovated with industrial details, this sleek and sophisticated three bed, three bath corner home at the Caledonia boasts floor to ceiling windows providing extraordinary 360 degree of midtown, the Hudson River, downtown and beyond. The open format chef's kitchen has beautiful granite...
Listing ID 2920832
Residence 14E is a unique two bedroom at No. X, one of the two Bjarke Ingels architectural masterpieces rising in vibrant West Chelsea, spanning a full city block above the Hudson River and the High Line. The unique twisting travertine towers - the tallest ever in the neighborhood - afford...
Listing ID 3426286
Situated on one of the most desirable blocks in prime Chelsea, this 2,033 SF 3-bedroom, 3-bathroom home with a private, 546 SF terrace provides a dramatic layout for living and entertaining. A gracious entry gallery leads into a loft-like living and dining space that boasts 10-foot ceilings,...
Listing ID 3209500
Courtesy of: Douglas Elliman 575 Madison Ave
Office Phone: 212.891.7000
Listing Agent: Karan Chopra
Updated: 16th December, 2018 2:48 PM.
545 West 25TH ST New York, NY