Church acquires Chelsea condo units for nearly $15M.
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| Title: | Church acquires Chelsea condo units for nearly $15M. |
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| Authors: | Nazar, Julian (AUTHOR) |
| Source: | Crain's New York Business. 4/13/2026, Vol. 42 Issue 14, p14-14. 1p. |
| Subjects: | Acquisition of property, Real property, Institutional investors, Real estate sales, Community churches, Residential real estate, Church buildings, Nonprofit organizations |
| Geographic Terms: | Chelsea (Manhattan, New York, N.Y.), New York (N.Y.) |
| Abstract: | The article focuses on the sale of a Chelsea condominium at 207 W. 25th St. to The Community Church of New York for nearly $15 million. The approximately 20,500-square-foot space, spanning the ground and second floors, was previously the showroom for furniture company Stickley Audi & Co., which retains ownership of the building’s third floor leased to Dietl International Services. The transaction reflects a trend of institutional and nonprofit organizations acquiring well-located, high-quality spaces for long-term occupancy. The Community Church of New York sold its previous church on East 35th Street to move into a more residential neighborhood that better suits its needs and financial strategy. [Extracted from the article] |
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| Database: | Regional Business News |
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| Abstract: | The article focuses on the sale of a Chelsea condominium at 207 W. 25th St. to The Community Church of New York for nearly $15 million. The approximately 20,500-square-foot space, spanning the ground and second floors, was previously the showroom for furniture company Stickley Audi & Co., which retains ownership of the building’s third floor leased to Dietl International Services. The transaction reflects a trend of institutional and nonprofit organizations acquiring well-located, high-quality spaces for long-term occupancy. The Community Church of New York sold its previous church on East 35th Street to move into a more residential neighborhood that better suits its needs and financial strategy. [Extracted from the article] |
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| ISSN: | 8756789X |
