The Feil Organization and Peter Armstrong’s Rigby Asset Management have acquired 530 West 25th Street from the Brown family for around $72 million, TRD first reported. The 7-story office building spans 90,436 square feet, and is located between 10th and 11th Avenues.
- Tenants: Several art galleries occupy the Chelsea building, including the Noho M55 Gallery, the Prince Street Gallery, and the Bowery Gallery. Agora Gallery occupies the ground floor.
- Worth Noting: The property features 8,295 square feet of unused development rights.