Chelsea Art Museum Trades for $19M

NEW YORK CITY-A team consisting of Christopher Albanese, Ira Drukier and Richard Born has bought the Chelsea Art Museum located at 154 Eleventh Avenue, also known as 556 W. 22nd Street for $19.4 million.

By GlobeSt News Hub | January 05, 2011 at 01:01 AM

NEW YORK CITY-A team consisting of Christopher Albanese, Ira Drukier and Richard Born has bought the Chelsea Art Museum located at 154 Eleventh Avenue, also known as 556 W. 22nd Street for $19.4 million.

The team signed the deal for the bankruptcy-hit three-floor tower within two days and completed the same for all cash on December 15, 2010. The building measuring 27,000 square feet can be expanded to 50,000 square feet.For the full story, go to New York Post.

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