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Church acquires Chelsea condo units for nearly $15M.

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Title: Church acquires Chelsea condo units for nearly $15M.
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]
Copyright of Crain's New York Business is the property of Crain Communications Inc. (MI) and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Regional Business News
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DbLabel: Regional Business News
An: 193070016
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PubType: Periodical
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  Data: 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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  Data: <i>Copyright of Crain's New York Business is the property of Crain Communications Inc. (MI) and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Text: English
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      – SubjectFull: Acquisition of property
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      – SubjectFull: Institutional investors
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      – SubjectFull: Chelsea (Manhattan, New York, N.Y.)
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              Text: 4/13/2026
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