JLL Sells 340 West 23rd Street in New York’s Chelsea
340 West 23rd Street offers unique flexibility in one of New York City’s most in-demand neighborhoods
NEW YORK, March 25, 2020 — JLL Capital Markets experts sold 340 West 23rd Street in Manhattan’s Chelsea neighborhood for Elizabeth Stribling and Elizabeth Stribling-Kivlan. River Tuti LLC acquired the mixed-use property for $7.55 million.
The four-story 340 West 23rd Street was originally constructed in 1819 by James N. Wells & Sons. The property totals 5,927 square feet, with 2,910 square feet of retail space on the first and second floors. The commercial units have high ceiling heights and original detailing throughout the space and enjoy light and air exposure on all four sides.
Located in the heart of Chelsea, 340 West 23rd Street is close to some of the neighborhood’s most-significant cultural attractions, such as the High Line, The Whitney Museum of Art, Chelsea Piers and Chelsea Market. The area also offers an unparalleled variety of dining, nightlife and shopping options.
The JLL professionals who oversaw the sale assignment for Elizabeth Stribling and Elizabeth Stribling-Kivlan include Managing Director Brock Emmetsberger, and Associates Ryan Kossoy and Reed Waggoner.
“I was thrilled to work with the Striblings,” Emmetsberger said. “We very much consider them residential real estate royalty, so it was an honor to be retained by them for this assignment. This property has been continuously operating as a real estate office since it was built in 1819. We are excited to see the creative uses the new owner is planning for 340 West 23rd Street.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.