Robert Khodadadian — Skyline Properties — Off-Market Manhattan Commercial Real Estate — 530 West 25th Street
Chelsea Gallery District Office Sale
75,000 SF
2019
Overview
The $72M sale of 530 West 25th Street placed a 7-story, 75,000 SF creative-office building in the heart of Chelsea's world-renowned art gallery district with the Feil Organization, in partnership with Rigby Asset Management (Peter Armstrong) — a $960/SF result reflecting the premium West Chelsea commands for gallery-district office space.
The Challenge
Marketing a unique creative office asset in Chelsea's gallery district required finding buyers who understood the value of this specialized location and tenant base.
Our Solution
We targeted institutional buyers seeking Chelsea exposure and creative office space, positioning the asset's unique location among world-class galleries as a competitive advantage.
The Result
Sold to Feil Organization and Rigby Asset Management at $72 million, reflecting the premium value of Chelsea office assets with gallery district exposure.
Press Coverage
1 article · 1 outletFrequently Asked Questions
Who brokered the sale of 530 West 25th Street?
Skyline Properties, led by Robert Khodadadian, brokered the $72M sale of 530 West 25th Street in 2019 to the Feil Organization in partnership with Rigby Asset Management.
How much did 530 West 25th Street sell for?
The 7-story, 75,000 SF Chelsea office building sold for $72 million in 2019 — approximately $960 per square foot.
Who bought 530 West 25th Street?
The Feil Organization acquired the building in partnership with Rigby Asset Management (Peter Armstrong).
Why is 530 West 25th Street notable?
It sits in the heart of Chelsea's world-renowned art gallery district, and the $960/SF result reflects the premium West Chelsea commands for gallery-district creative-office space.
Deal Metrics
Transaction Parties
Buyer
Feil Organization + Rigby Asset Management (Peter Armstrong)
Seller
The Brown Family
Financing
Institutional financing
Neighborhood
ChelseaHave a Similar Property?
Let's discuss how we can maximize value for your asset.
Discuss Your PropertyPress Coverage
More press on 530 West 25th Street
5 canonical press features documenting the $72M transaction at 530 West 25th Street.
Feil Organization Chelsea Art Gallery Building
Feil Organization acquires Chelsea art gallery building.
Feil Organization Chelsea 530 West 25th $72M
Feil Organization acquires 530 West 25th Street in Chelsea for $72M.
Feil Organization Buys Chelsea Office Building for $72M
Feil Organization and Rigby Asset Management acquire 530 West 25th Street Chelsea gallery building.
Feil Organization Pays $72M to Brown Family for Chelsea Property
Feil Organization and Rigby Asset Management acquire 530 West 25th Street Chelsea art gallery building for $72 million.
Feil Organization Acquires 530 West 25th Street in Chelsea for $72M
Feil Organization acquires 530 West 25th Street in Chelsea for $72 million.
Price, buyer, seller, $/SF, source citations
