530 West 25th Street
75,000 SF
$/SF
$960
Closed
2019
SellerThe Brown Family
Press Coverage
Expertise
Chelsea Development Sites
Chelsea
Chelsea is one of Manhattan's most active development corridors — anchored by Hudson Yards to the west, the High Line, and a deep base of long-time ownership. Skyline Properties has long covered the Chelsea submarket and sources off-market development opportunities across the High Line corridor, the West Chelsea Special District, and the gallery-district core. Adjacent context: Skyline brokered the $72M 530 West 25th Street office sale (Feil Organization + Rigby Asset Management, 2019).
Closed Volume
Years in NYC
Published Transactions
Largest Published Transaction
Chelsea Development Sites — Skyline Coverage
Chelsea is one of Manhattan's most active development corridors — anchored by Hudson Yards to the west, the High Line, and a deep base of long-time ownership. Skyline Properties has long covered the Chelsea submarket and sources off-market development opportunities across the High Line corridor, the West Chelsea Special District, and the gallery-district core. Adjacent context: Skyline brokered the $72M 530 West 25th Street office sale (Feil Organization + Rigby Asset Management, 2019).
- As-of-right development sites
- Air rights and TDR opportunities
- Multi-lot assemblages
- High Line corridor sites
- Mixed-use and residential conversion candidates
Commercial Real Estate Advisory in Chelsea
Skyline Properties advises owners and qualified investors on chelsea development sites transactions, including valuation, confidential outreach, buyer qualification, negotiations, due diligence and closing coordination.
The appropriate process depends on the property, ownership objectives, buyer depth and required level of confidentiality. Published transactions and case studies provide examples of Skyline's experience; they do not represent current inventory unless specifically identified as available.
- Property-specific valuation and current Chelsea comparable sales
- Controlled outreach for confidential chelsea development sites assignments
- Buyer qualification based on capital, experience, timing and execution history
- Senior-level transaction coordination from initial strategy through closing
- Public case studies and transaction records with supporting source links
Related Chelsea Property Topics
Investors and owners researching chelsea development sites may also evaluate Chelsea development site for sale, West Chelsea development site, Chelsea air rights for sale, Chelsea development assemblage, High Line corridor development site, West Chelsea Special District site, Chelsea buildable lot, Chelsea TDR air rights, Hudson Yards adjacent development site, Chelsea mixed-use development site, Chelsea gallery district building. The linked guides below address the relevant property types, transaction structures and underwriting considerations in greater detail.
Track Record
Recent
135 West 29th Street
75,000 SF
$/SF
$467
Closed
2021
SellerMFM Properties
Press Coverage
Expertise
136 West 22nd Street
2,000 SF
$/SF
$1,050
Closed
2013
BuyerSkowhegan School of Painting
SellerPrivate Owner
Deal Data
Press Coverage
Expertise
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Chelsea Development Sites —
Editorial guides covering chelsea development sites and related NYC commercial real estate topics, including underwriting, zoning, conversions and transaction structure.
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TDRs, zoning lot mergers, and air rights pricing.
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How developers combine parcels into a single site.
FAQ
Frequently Asked
Skyline Properties — led by founder Robert Khodadadian — is one of the leading brokers for Chelsea development sites. Skyline has closed $976M+ in NYC commercial real estate transactions, the majority off-market, and has the 2025 RED Awards Off-Market Broker of the Year.
Skyline transacts Chelsea development sites across as-of-right development sites, air rights and tdr opportunities, multi-lot assemblages, and other chelsea development sites assets. Engagements range from sub-$5M boutique deals through $100M+ trophy and conversion plays.
Yes. The majority of Skyline's Chelsea transactions are off-market. Skyline maintains a curated network of pre-qualified institutional buyers, family offices, REITs, and private equity funds, and routinely matches Chelsea development sites directly with the buyers most likely to close at the right price — without any public marketing exposure.
Valuing Chelsea development sites requires submarket-specific cap rates, current rent comparables, an honest read on tenant demand, and — for development-eligible assets — a buildable analysis under the current zoning. Skyline provides confidential, no-obligation broker opinions of value for owners and investors active in Chelsea.
Call Skyline Properties at (212) 537-9239 or schedule a confidential consultation with Robert Khodadadian directly. Skyline responds to all serious inquiries within one business day.
Discuss a commercial real estate opportunity in Chelsea
Request a confidential conversation about the property, acquisition criteria or transaction structure. No public listing is created by contacting Skyline Properties.
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