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Chelsea & Hell's Kitchen Commercial Real Estate

Crezly tracks 331 recorded commercial and multifamily property sales in Chelsea & Hell's Kitchen, Manhattan. The median recorded sale price is $6.7M, or about $838 per square foot. An estimated $4.8B in mortgage debt is secured against tracked properties in this neighborhood.

Market snapshot

331Recorded sales
$6.7MMedian sale price
$838Median $/sf
$4.8BEst. outstanding debt

Recent recorded sales

AddressRecordedPrice$/sf
162 11 AVENUE2026-04-30$4M$540map ›
118-122 WEST 23 STREET2026-04-28$34.2M$705map ›
239 9 AVENUE2026-04-28$12.3M$1,293map ›
546 WEST 50TH STREET2026-04-21$6.78M$731map ›
237 WEST 18TH STREET2026-04-20$3.73M$355map ›
94 8 AVENUE2026-04-17$3.9M$1,752map ›
217 WEST 22 STREET2026-04-10$5.56M$2,273map ›
544 WEST 49 STREET2026-04-02$2M$227map ›
131 WEST 14 STREET2026-03-25$7.1M$615map ›
341 WEST 45 STREET2026-03-10$25.7M$606map ›
313-315 WEST 21 STREET2026-03-10$8.5M$415map ›
510 9 AVENUE2026-03-04$5.5M$485map ›

Top property owners

OwnerPropertiesEst. debt
SM I MMS, L.L.C.6$585.78M
601W TENTH OWNER LLC1$526.44M
MICKEY BARRETO MISSIONS1$260M
GS CHELSEA II PROPERTY OWNER, LLC1$159.25M
COMREF RIVER LLC1$158.28M
ICNY TIMES SQUARE PROPCO FEE OWNER, LP1$142.09M
641 AOA OWNER, LLC1$132.45M
218 W 18TH STREET GORP PROPERTY LLC1$110.5M
MOCHA 24TH LLC1$109.6M
NY 39TH STREET LLC1$108.2M

Asset classes

Recorded sales in Chelsea & Hell's Kitchen by property class: AP (126), Commercial/Office (109), Elevator Apartments (22), Elevator Apartments (18), F1 (13), D3 (7).

Frequently asked questions

How much does commercial real estate cost in Chelsea & Hell's Kitchen?
Across 331 recorded sales in Chelsea & Hell's Kitchen, Manhattan, the median price is $6.7M, or roughly $838 per square foot.

Who are the largest property owners in Chelsea & Hell's Kitchen?
The most exposed owners by estimated debt include SM I MMS, L.L.C. and 601W TENTH OWNER LLC. Crezly tracks their full NYC portfolios.

How much CRE debt is there in Chelsea & Hell's Kitchen?
Crezly estimates about $4.8B in outstanding mortgage debt secured against tracked commercial and multifamily properties in Chelsea & Hell's Kitchen.

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Compiled by Crezly from New York City public records (ACRIS deeds & mortgages, PLUTO). Neighborhoods follow NYC Community District boundaries. Figures are estimates and may not reflect the most recent transactions. Not legal, financial or investment advice.