Former Chelsea Home of Amy Sacco’s Lot 61 Sells for $40M
Lauren Elkies Schram April 23, 2015, 3:40 p.m.
An affiliate of Leslie J. Garfield & Company has sold the former home of “Club Empress” Amy Sacco‘s Lot 61, an irregularly-shaped parcel, for $40 million, the seller’s attorneys, David Drewes and Marc Palladino of Willkie Farr & Gallagher, confirmed.
The one-story, 6,425-square-foot former warehouse with partial mezzanine at 550-552 West 21st Street at 11th Avenue sold yesterday to 540 West 21st Street Holdings LLC. The buyer appears to be Uri Chaitchik-led Casco Development Corp., which at the beginning of 2014 acquired 540 West 21st Street for $50 million.
Boutique real estate company Leslie J. Garfield & Company, founded by Leslie J. Garfield, bought the property in 1983 for $199,995, according to CoStar. Leslie is the managing partner of the seller entity 550 W. 21st Street LLC.
The building housed Ms. Sacco’s Lot 61 bar, which was decorated in trendy art and was known for having 61 flavors of martinis, from 1998 to 2005. In March, 2007, Paris art dealer Yvon Lambert‘s Yvon Lambert Gallery opened in the space where Lot 61 had been, followed in 2011 by Christie’s contemporary gallery Haunch of Venison. Skarstedt gallery is the present sub-subtenant.
An attorney for Casco, Amy Paquette of Bryan Cave, wasn’t immediately reachable for comment.