Earl Bateman's
New York real estate
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West Chelsea
500 West 21st Street ~ 32-luxury condos due by Fall 2014

500 West 21st Street ~ 32-luxury condos due by Fall 2014

Sherwood Equities new low-rise luxury condo building is a classical expression complimentary to the Historic Chelsea District just east of Tenth Avenue. After 3 years of haggling about the failed Jay-Z Hotel project, Sherwood Equities will be offering these 4,000 SF condos for $2500/SF, a price matched only by Jean Nouvel’s building a block west...
West Chelsea North ~ Gateway to Hudson Yards

West Chelsea North ~ Gateway to Hudson Yards

West Chelsea North – West 28th, 29th and 30th Streets – is the fastest-growing new gallery area in the West Chelsea Special District, though “fastest-growing” hardly describes it. Actually “new” doesn’t either, since there have been 15 galleries on West 29th since 1998, more than there have been ground floor galleries on West 25th Street...
What's happening at 551 West 21st Street?

What’s happening at 551 West 21st Street?

UPDATE: Skarstadt Gallery will be moving in in 2014, but this space is still a sublease with a Demolition Clause, allowing for demolition of the building and development of the site. Eyebeam already announced they are moving in 2014, and Guided By Invoices in the triangular building on the corner closed last year, clearing the...
285-287 Tenth Avenue ~ Entire Two-Story Building $19,000 per month

285-287 Tenth Avenue ~ Entire Two-Story Building $19,000 per month

This 1,150 RSF deal will give the new Tenant approximately 1,950 RSF total on the ground, 1,100 RSF on the second floor, a 1,100 RSF legal selling basement and an 800 RSF rear terrace, visible from the High Line for $19,000 per month, or $116.92/SF for just the ground floor, with an addition 2,200 RSF...
West Chelsea South ~ Gateway To Meatpacking?

West Chelsea South ~ Gateway To Meatpacking?

Walking around West Chelsea is like gazing at the Milky Way: what you see now is really looking at the past, the future is what’s happening now. This is important to keep in mind if you have a longer-term lease because five years into your lease, West Chelsea will likely look much different than when...
After Sandy ~ Q1 2013

After Sandy ~ Q1 2013

It’s been a few months since the Hudson surged into West Chelsea and the effects are still being felt. It likely won’t be the last time. The FEMA Flood Map below, shows the 100-year flood level in orange (High Risk of 1% Actual Chance of Flooding) and the Moderate Risk area in gray (0.2% Actual...
Vicky David Gallery For Sublease ~ 2,200 SF @ $110/SF until 2018

Vicky David Gallery For Sublease ~ 2,200 SF @ $110/SF until 2018

Joining the new subleases in only the first month of 2013, Vicky David Gallery at 514-522 West 23rd Street is available at $20,000 per month asking rent. This 2,200 SF fully-built gallery at $110 per square foot reinforces this pricing as the new normal on West 23rd Street, perhaps higher on West 24th. But its...
West Chelsea Q1 2013 ~ Hang On To What You Got.

West Chelsea Q1 2013 ~ Hang On To What You Got.

There are 223 galleries in West Chelsea at the start of 2013: They are distributed as illustrated below:   Of the 137 Ground Floor spaces available, 108 galleries are on the ground floor: 88 are leased, 20 are owned and 32 are non-art users.     Of the 7,843,000 SF of total building SF in...
Two On The Inside ~ 541 W 21 and 511 W 21

Two On The Inside ~ 541 W 21 and 511 W 21

There are two properties available inside the M1-5 district otherwise known as West Chelsea Gallery District – South that should be gallery buildings but instead are being marketed to a single , most likely, non-art user. 511 W 21st is on the block to be demolished and rebuilt with a glass tower and leased to...
551 West 21st ~ 44 luxury rentals and 8,900 SF of Ground Floor space.

551 West 21st ~ 44 luxury rentals and 8,900 SF of Ground Floor space.

One of two artist studio buildings in West Chelsea (the 2nd is 508-526 West 26th Street) vacated it’s tenants last August to make way for the future 19-story tower by developer Scott Resnick of SR Capital. In December, 547 W 21 (303 Gallery) was assimilated, either into this project or as an adjunct project by...