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Stone Street and Greenwich Village Capital Buy Mixed-Use Chelsea Building

The sale represents the increased demand for residences and services with the neighborhood’s growing tech industry says Cushman & Wakefield.

151 Eight Ave. 151 Eighth Ave. in Chelsea

NEW YORK CITY—Stone Street Properties and Greenwich Village Capital purchased a five-story, mixed-used building at 151 Eighth Ave. in Chelsea for $18.35 million in a deal announced on Monday.

The 15,260 square-foot, mixed-use apartment building is located between W. 17th and W. 18th streets. It contains 16 residential units, two retail units and one cell tower. Eleven apartments are market rate, four are rent stabilized and one is rent controlled. Originally constructed in 1900, the building’s recent renovations include roofing work, rebuilt parapet walls and updated skylights.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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