Earl Bateman's
New York real estate
news for galleries
Gallery Districts
High Line Nine ~ Nine New Affordable Ground-Floor Spaces Coming To West Chelsea.

High Line Nine ~ Nine New Affordable Ground-Floor Spaces Coming To West Chelsea.

Nine new gallery spaces coming to West Chelsea are now pre-leasing. These built ground-floor spaces, 2,500 RSF and under, with high-ceilings, storage and offices, and in a prime area with monthly rents that will encourage small- to mid-sized galleries to come back to West Chelsea. Please contact me or call +1-917-576-2384 for more information on...
Will The Lower East Side Surpass West Chelsea as NY's Largest District in 2016?

Will The Lower East Side Surpass West Chelsea as NY’s Largest District in 2016?

I’m frequently asked that question, and the short answer is… not likely, for a bunch of reasons. While the LES is the fastest growing gallery district in Manhattan, it is not the fastest growing gallery district in greater New York City. That title goes to Brooklyn, which became the largest district last year, you can...
The Big News From 2015 : West Chelsea? LES? Flower District? No, it's... Brooklyn.

The Big News From 2015 : West Chelsea? LES? Flower District? No, it’s… Brooklyn.

Much attention was paid in the industry press to the three districts mentioned above, and they did generate news for sure. However, slowly and steadily, Brooklyn has been growing to become New York’s largest district, from a province just a few years ago. The graph below shows Brooklyn’s rise from 2011, passing both the Upper...

Anton Kern Gallery for sale for $27,000,000

Alf Naman has put this 5,000 SF lot with 27,500 SF of buildable space on the block for the highest land-deal price yet : $27.000M. Anton just renewed his lease last year, but, as with most leases in West Chelsea, it has a Demo Clause, something to be aware is a very negotiable term when...
2016 Update : 303 Gallery To Go Back To West 21st Street

2016 Update : 303 Gallery To Go Back To West 21st Street

UPDATE to this story January 2, 2016: Lisa Spellman is indeed moving back to West 21st this year as I reported two years ago, and this series of moves on her part was a very smart play. Kudos. It also means that her previous 7,200 SF gallery – with 3,900 SF on the ground floor...
Q1 2014 | How The Districts Did In 2013.

Q1 2014 | How The Districts Did In 2013.

The Beeswax Report is a semi-annual roundup of how the gallery districts are doing in New York. 2012 delivered an improvement over the previous post-Great Recession two years – 2010 and 2011 were flat at 1,488 galleries in each – with an up-tick reflected by an increase of 33 additional galleries, as illustrated in the...
508 West 24th Street 4,816 SF Gallery Space - $150/SF

508 West 24th Street 4,816 SF Gallery Space – $150/SF

Update January 2014 – this commercial condo brought in $1,900/SF at $9,500,000. The asking rent for lease is $150/SF.       Offering price: $10,000,000 ($2,000/SF) Estimated Common Charges (11.0184%) – $2,788.94 pm Estimated Monthly RE Taxes Year 1 – $2,301.75 pm Estimated Monthly RE Taxes at Full Assessment – $4,734.67 pm Estimated Total Annual...
Bayview Cellblock On The Block

Bayview Cellblock On The Block

The Bayview Correctional Facility at 550 West 20th Street, slated to be closed for the past two years, finally has been locked-down and excluded form the state budget for 2013-2014, Severely damaged by Sandy, the 1930s Art Deco women’s prison was evacuated and formally closed soon thereafter. Developers would love nothing more than to convert...
Zaha Hadid's Organic Imagination To Grace West Chelsea

Zaha Hadid’s Organic Imagination To Grace West Chelsea

Related Companies is teaming with Architect Zaha Hadid to create one of the most stunningly organic buildings in New York, much less West Chelsea. With thirty-seven 5,500 SF luxury units and located on the old scrap-iron lot next to the High-Line, 520 West 28th Street will soon become the iconic architectural epicenter of 21st-century NYC...
Part I ~ Why West Chelsea Floods.

Part I ~ Why West Chelsea Floods.

West Chelsea will flood every time the Hudson River takes in more water than it can hold, especially seawater, which the Hudson mostly is anyway. We conjecture that surge-flooding as a consequence of storms will happen more often in the future, though how often no one can say. FEMA called Sandy a “Hundred Year Flood”....