[chris08876]

Project: 117-119 West 21st Street

Current Site:

The new owner plans to redevelop the brick-walled commercial building, located between Avenue of the Americas and Seventh Avenue, into luxury condominiums, according to several people involved. The site, which sits on the border of Chelsea and the Flatiron District, is comprised of 4,353 square feet of land and offers 44 feet of frontage.

The deal closed yesterday. The seller is listed in city records as New York-based Alfa Development, which purchased the building in May 2013.

The property contains 38,612 buildable square feet, allowing it to be redeveloped into a single 12-story residential building featuring one townhouse unit, six full-floor units, and two duplex penthouses, according to Mr. Amirian. Amenities at the new building will include a doorman, storage space and five on-site parking spots, he said. The total project is estimated to cost $54 million.

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http://commercialobserver.com/2015/0...h-condo-plans/