March 24th 2012
The Real Deal
The 24-unit Chelsea condominium the Carriage House, at 159 West 24th Street, is almost half sold and has received a temporary certificate of occupancy, according to a statement from the developer today. The building had previously hit some stumbling blocks, but relaunched in June of last year.
The renovated Carriage House, between Sixth and Seventh avenues, offers two-bedroom penthouses, one-bedroom units, duplex lofts and studio lofts. Homes range from 556 to 1,100 square feet and $695,000 for a studio to $3.6 million for a penthouse, according to the statement. Only one penthouse, the larger of two, is still available, a spokesperson for the developer said.
Eamon Roche, Joshua Sacks and Eric Gray, who together form development company the Broad Mill Group, purchased the property, then a parking garage, in 2006 for $8.75 million, according to published reports. After difficulties following the collapse of Lehman Brothers Holding Company, the mortgage originator had moved to foreclose, but eventually their lender, MidFirst bank, offered to forgo penalties so long as they paid interest and met benchmark deadlines, putting the project back into the developer’s hands.
The renovated Carriage House retains many elements of the original building, which was erected around 1900, such as cast-iron columns, a limestone façade and exposed brick walls.