BANKRUPTCY AUCTION: 10/23. Lux Office Bldg/Condo Conversion

Highlights:

• Details at MaltzAuctions.com

Description:

United States Bankruptcy Court SDNY - In Re: ERBO Properties LLC, – Case No.: 23-10210-lgb

65,000+ Sq Ft Office Building
Prime Office/Residential Conversion Opportunity

541-545 West 21st Street, Chelsea, NY

Prime Class A Office/Residential Conversion Opportunity

Situated on West 21st Street in the heart of West Chelsea, adjacent to the High Line, Chelsea Piers, and Hudson River Park.

Walkable to Chelsea Market, Hudson Yards, Meatpacking District, and the city’s top restaurants, galleries, and cultural destinations.

Additional Information:
Property Originally Positioned for Class A Office Space Build-out
Improvements Include
New Electrical Services Throughout
Air-Handling Infrastructure
28-Ton Water Cooled Air handling Unit on Each Level
Two Newly Installed Elevators Servicing Lobby/First Floor Through Rooftop
New Windows on the West and North Elevations of the Property
New Plumbing Infrastructure
New Sprinklers and Standpipes
New Entrance and Updated Facade
Stand-By Generator Capable of Running the Entire Building for 24-Hours (Additional Time with Fuel Delivery, Tank In Basement)

***Water View of the Hudson River From the 6th Floor Through Rooftop***

$45,000,000 Stalking Horse Bid. Next Acceptable Bid is $45,200,000.