Chelsea Development

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Rendering of 241-5 West 19th Street.

City Realty says that Ginsberg Development Companies has acquired 241-5 West 19th Street in Chelsea (between Seventh and Eighth avenues) for $13.5 million; the developer plans to build a 12-story, 19-unit condo building. Units will range from 1,100 to 2,000 square feet in size.

-Matthew Grace

Chelsea Development