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
Pre-Qualified Buyers
Largest Deal
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
Why Owners and Investors Hire Skyline for Chelsea development sites
Skyline Properties brings two decades of Chelsea relationships to every chelsea development sites engagement. Robert Khodadadian and the Skyline team source, value, and close Chelsea commercial real estate confidentially — protecting tenants, ownership, and pricing on every deal.
The majority of Skyline's $976M+ in closed transactions have been off-market. For chelsea development sites, that disciplined, relationship-based execution is what separates a deal that closes at the right number from a listing that drags.
- Direct access to 500+ pre-qualified institutional commercial real estate buyers
- Confidential, off-market chelsea development sites sales
- Senior-level attention from the founder on every assignment
- RED Awards Off-Market Broker of the Year — 2024 & 2025
- Active Chelsea comparable sales database and current buyer mandates
Related Chelsea Search Terms
Skyline ranks for the full cluster of Chelsea commercial real estate search terms — including Chelsea development site for sale, West Chelsea development, Chelsea air rights, Chelsea assemblage. Whatever phrase you used to find this page, you have reached the right team.
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
Deal Data
Press Coverage
Expertise
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Chelsea Development Sites —
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Framework for underwriting NYC development sites.
FAR Explained
How Floor Area Ratio drives the NYC development envelope.
NYC Air Rights, Explained
TDRs, zoning lot mergers, and air rights pricing.
Site Assemblage in NYC
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 back-to-back RED Awards as Off-Market Broker of the Year (2024 and 2025).
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.
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