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$10M Office/Condo Sale Secured for Tech School

NEW YORK CITY-Winoker Realty Co. closed a $337 per-square-foot deal for a technology and business training institute in Midtown South, one of Manhattan’s tightest markets.

By Jacqueline Hlavenka | Updated on May 10, 2011

NEW YORK CITY-Five floors at 137-139 West 25 St. in Chelsea will be leased for technology and business training institute Micropower USA/Micropower Career Institute, sources tell GlobeSt.com. Winoker Realty Co. represented buyer, 137 West 25th Street LLC, for the $10 million, 29,700-square-foot office condominium space near the northern edge of Chelsea in Clinton. The transaction equates to $337 per square foot.

Originally constructed to serve as a branch of the New York Public Library, the building, located between Sixth and Seventh avenues, was converted to allow commercial office and residential condominiums in the late 1980s. Jonata Dayan, SVP at Winoker Realty Co., who represented 137 West 25th Street LLC along with Adam Ben-Dayan and Jonathan Ben-Dayan of Winoker Realty’s Office Condominium Sales Division, tells GlobeSt.com that the buyer chose the location due to its proximity to Penn Station, subway lines, residential areas and restaurants. “They felt it was suitable for the student body,” Dayan says, explaining that the West 25 Street site will be the training institute’s eighth location. “They are very familiar with the requirements the students need.” The space is an extension of Micropower’s West 30 Street location.

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