Chelsea Parcel with Sizeable Air Rights Goes Up for Sale

NEW YORK CITY-HFF announced Friday it has been retained exclusively to arrange the sale of 140-144 W. 28th St., a 7,583-square-foot mid-block development site located on West 28th Street between 6th and 7th Avenues in Chelsea. The site includes a maximum 144,876 zoning square feet of development rights, including air rights transferred from adjacent zoning lots.

It is zoned for a variety of commercial, retail and industrial uses but is ideally located for hotel development given the site’s central Manhattan location, according to the announcement.  The Chelsea area is no stranger to hotels in recent years however, including two hip and trendy—and very successful—properties that opened in recent years: the NoMad Hotel, at 1170 Broadway between 27th and 28th Streets, and the Ace Hotel, at 20 W. 29th St., between Broadway and 5th Ave.