Robert Khodadadian — Skyline Properties — Off-Market Commercial Real Estate — Chelsea
NYC's creative hub where art, tech, and commerce converge. From High Line views to gallery spaces, we specialize in off-market Chelsea transactions for creative office and retail.
Office Inventory
Avg. Creative Office Rent
Avg. Cap Rate
Art Galleries
Chelsea Submarkets
Deep expertise across all Chelsea micro-markets and property types.
West Chelsea / Gallery District
Art gallery epicenter west of 10th Avenue. Creative tenants and cultural anchor.
Avg. Rent
$65-$85/SF
Cap Rate
5.5-6.5%
High Line Corridor
Premium mixed-use corridor along the elevated park. Strong residential and retail demand.
Avg. Rent
$80-$110/SF
Cap Rate
5.0-5.5%
Chelsea Market Area
Food hall and tech hub around 15th-16th Streets and 9th-10th Avenues.
Avg. Rent
$75-$95/SF
Cap Rate
5.0-6.0%
Hudson Yards Adjacent
Eastern edge near Hudson Yards with spillover demand and development activity.
Avg. Rent
$70-$90/SF
Cap Rate
5.5-6.0%
Chelsea Property Inventory
Creative Office
Avg: 80,000 SF
Gallery Retail
Avg: 5,000 SF
Mixed-Use
Avg: 100,000 SF
Development Sites
Avg: 50,000 BSF
Recent Chelsea Transactions
Representative deals from our Chelsea portfolio.
Why Invest in Chelsea?
Creative Economy Hub
Home to tech companies, creative agencies, and fashion brands willing to pay premium rents for the right space and atmosphere.
High Line Amenity
The elevated park draws millions of visitors annually, driving foot traffic for retail and making adjacent office space highly desirable.
Hudson Yards Spillover
Benefit from Hudson Yards infrastructure and tenant demand at more attractive basis than the development itself.
Gallery District Cache
The art world's presence provides cultural credibility that attracts high-end retail, dining, and creative office tenants.
Chelsea Real Estate FAQ
What is the average cap rate for Chelsea commercial properties?
Chelsea commercial cap rates range from 5.0% to 6.5% depending on property type and location. Gallery district properties and creative office near the High Line trade at 5.0-5.5%, while value-add opportunities on secondary streets may reach 6.0-6.5%.
What types of commercial tenants are drawn to Chelsea?
Chelsea attracts tech companies (Google's NYC HQ), art galleries, creative agencies, media firms, and high-end retail. The neighborhood's proximity to Hudson Yards and the High Line drives demand from lifestyle brands and experiential retailers.
Is Chelsea a good area for commercial real estate investment?
Chelsea offers a unique combination of cultural cachet, tech-driven demand, and excellent transit. The High Line has transformed the neighborhood's western edge, and proximity to Hudson Yards provides ongoing development momentum. Creative office and gallery spaces command premium rents.
How do I sell a Chelsea property off-market?
Skyline Properties connects Chelsea property owners with qualified buyers including tech investors, creative office REITs, and gallery operators. Our off-market approach protects tenant relationships and maintains confidentiality. Contact us for a valuation of your Chelsea asset.
Own a Chelsea Property?
Get a confidential valuation and learn about current buyer demand for your Chelsea asset. Our network includes creative office investors, gallery operators, and development firms.