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Real Estate

Full time at a Laimoon Verified Company in Qatar
Posted on November 3, 2024

Job details

In the heart of New York City's vibrant Chelsea neighborhood, an extraordinary opportunity has emerged for art enthusiasts, developers, and those seeking a unique live/work space. Famed American artist William Wegman, renowned for his captivating portraits of Weimaraner dogs, is putting his Chelsea home and studio on the market for a cool $16.5 million. Represented by Douglas Elliman's esteemed team of Raphael De Niro, James Flowers, and Katherine Stroud Shechtman, this two-story, double-wide building at 245 West 18th Street has been Wegman's creative sanctuary for the past three decades.

In the heart of New York City's vibrant Chelsea neighborhood, an extraordinary opportunity has emerged for art enthusiasts, developers, and those seeking a unique live/work space. Famed American artist William Wegman, renowned for his captivating portraits of Weimaraner dogs, is putting his Chelsea home and studio on the market for a cool $16.5 million. Represented by Douglas Elliman's esteemed team of Raphael De Niro, James Flowers, and Katherine Stroud Shechtman, this two-story, double-wide building at 245 West 18th Street has been Wegman's creative sanctuary for the past three decades.

Image Courtesy: Kenneth Chen of Evan Joseph Images for Douglas EllimanOriginally constructed in 1915 as the Chelsea Day School, this historic gem offers a blend of artistic heritage and real estate potential. Boasting approximately 5,834 square feet of interior space, complemented by an additional basement, and approximately 18,235 square feet of development rights, the property stands as a testament to both its historical significance and its future possibilities.

Image Courtesy: Kenneth Chen of Evan Joseph Images for Douglas EllimanImage Courtesy: Kenneth Chen of Evan Joseph Images for Douglas EllimanImage Courtesy: Kenneth Chen of Evan Joseph Images for Douglas EllimanImage Courtesy: Kenneth Chen of Evan Joseph Images for Douglas EllimanImage Courtesy: Kenneth Chen of Evan Joseph Images for Douglas EllimanSituated on the north side of 18th Street between Seventh and Eighth Avenues, 245 West 18th Street spans a generous 45.5 feet in width, presenting an expansive canvas for creativity and development. The ground floor currently serves as an open creative studio with two bathrooms, a kitchen, and even indoor parking - a rare commodity in the heart of the city. The second floor, designed by the renowned Deborah Berke, transforms into a 1,826 square feet residential haven featuring two bedrooms, one bathroom, and a 32-by-21-foot great room flooded with natural light from a skylight.

Image Courtesy: Kenneth Chen of Evan Joseph Images for Douglas EllimanThe residential unit is a masterpiece of design, featuring dark soapstone countertops, painted birch cabinetry, reclaimed Douglas Fir floors, and beamed ceilings. The pièce de résistance is the large private landscaped garden and roof deck, providing a serene escape from the hustle and bustle of city life.

Image Courtesy: Kenneth Chen of Evan Joseph Images for Douglas EllimanImage Courtesy: Kenneth Chen of Evan Joseph Images for Douglas EllimanImage Courtesy: Kenneth Chen of Evan Joseph Images for Douglas EllimanWhat makes 245 West 18th Street truly exceptional is its versatility. The property offers the rare opportunity for end-users to convert the existing building into a one-of-a-kind mansion, embracing the sprawling footprint and preserving the artistic legacy of William Wegman. Alternatively, developers can explore the potential for high-end luxury rentals, condominiums, flagship office space, and more. The prime location on one of the most desirable streets in New York City makes this property a coveted canvas for creative and visionary minds alike.

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