The Lucille Lortel Theatre has purchased a three-story carriage house in Chelsea for $5.35 million in a transaction arranged by Denham Wolf Real Estate Services. Located at 134 W. 18th St., the building will act as the Theatre’s new headquarters, featuring a fully accessible 61-seat studio theater, a public, collaborative co-working space for artists and new office space.
The purchase will expand the Theatre’s real estate portfolio, having a positive impact on its financial capacity and security, in addition to helping promote its growing programmatic initiatives in the New York City Off-Broadway theatre community. The fully renovated space is expected to open in 2025 and is in addition to the Theatre’s recently renovated historic theatre on Christopher Street.
Denham Wolf has been the Lucille Lortel Theatre’s real estate partner for more than two decades.
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The Lucille Lortel Theatre has purchased a three-story carriage house in Chelsea for $5.35 million in a transaction arranged by Denham Wolf Real Estate Services. Located at 134 W. 18th St., the building will act as the Theatre’s new headquarters, featuring a fully accessible 61-seat studio theater, a public, collaborative co-working space for artists and new office space. …
The post Lucille Lortel Theatre Acquires Chelsea Carriage House appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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