Land plot for construction in Chelsea, New York

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Land plot for construction in Chelsea, New York

$32,258 /m²
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  • Total area
    403 m²
  • Land area
    1,928 m²

Land plot for construction of a boutique hotel.


There is an approved plan to build a boutique hotel that could generate roughly 70–75 keys.

Financial performance

The cost of the property is $ 13,000,000.

Location and nearby infrastructure

The plot is located in walking distance to many entertainment, retail and dining establishments, tenants include: Whole Foods Market, Gotham Comedy Club, Eataly Flatiron, Chipotle, Chase Bank, and many more.

Chelsea district combines modern art, trendy restaurants, tall skyscrapers and stocky storage buildings, elegant architecture and night parties.

This is a prestigious and expensive residential area with luxury apartments and prestigious boutiques. The western part of Chelsea is widely known thanks to a large number of art galleries — this is one of the recognized art centers in New York, where about 350 galleries are concentrated.

New York is one of the most famous cities in the world, where financial institutions, numerous historical and cultural attractions, museums, shops, theaters are concentrated.

As a financial center, New York is a city with the most liquid stock markets in the world. This is facilitated by high investor confidence, which is manifested in large volumes of foreign direct investment (FDI).

New York is chosen to host its headquarters for organizations like Citigroup, J. P. Morgan Chase & Co., American International Group, Goldman Sachs Group, Morgan Stanley, Merrill Lynch, etc.

In the city there are such exchanges as the New York Stock Exchange, NASDAQ, the American Stock Exchange, the New York Commodity Exchange. The New York financial industry focuses on Wall Street in lower Manhattan.

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