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AJ Property Management seeks up to $125M from NYC office building sale

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AJ Property Management seeks up to $125M from NYC office building sale

AJ Property Management is looking to sell a 15-story, 144,300-square-foot office building at 231-239 W. 29th St. in New York for up to $125 million, The Real Deal reported, citing broker Aaron Jungreis of Rosewood Realty Group.

The property is 95% occupied, with graphic design agency über inc., American Caviar Co. and Fur Source among its tenants.

Citing Jungreis, the report said the Chelsea property is being marketed as a value-add opportunity.