Image via Wiki Commons
After five years of ownership changes and tenant battles, a group of well-known hoteliers is betting on the future of the historic Hotel Chelsea. The Real Deal reports that a joint venture made up of BD Hotels’ Richard Born and Ira Drukier and Sean MacPherson (who owns, among others, the Bowery Hotel and Waverly Inn) has closed on the hotel for $250 million, and they plan to convert it to condos and a likely trendy hotel.
Lottery opens for 330 middle-income units at 5Pointz towers in Long Island City, from $1,850/month 
Asking $4M, this historic carriage house in Snedens Landing was once home to Mike Wallace 
$3M Brooklyn Heights triplex is a modern oasis with original barrel-vaulted ceilings 
Lottery opens for 351 mixed-income apartments in Downtown Jamaica, from $524/month 
Lovely alcove studio in Morningside Heights has a 600-square-foot terrace for $650K 
$5.49M condo with private infinity pool is Jersey City’s most expensive penthouse ever listed 
Sag Harbor cottage where John Steinbeck wrote his final novel asks $18M 
Preservationists fight to save the impressively-intact Art Deco lobby of the McGraw-Hill Building