Wolf Building on 26th Street & 10th Ave remains for sale (for $170m)

The Wolf Building, on the southwest corner of 26th Street and 10th Avenue, was put up for sale in December 2024 for $170 million, and as far as we can tell, remains up for sale today. There is some serious history to this building, which like the rest of West Chelsea, is a haven for art galleries. Per our sister publication The New York Times, the building was constructed in the early 1900s and originally used for printing and binding books; in the 1970s, it was purchased by a Holocaust survivor (named Raymond Naftali) who turned it into a garment warehouse; and in the 1990s, Raymond’s wife Gloria turned the space into a collection of art studios. Here’s an incredibly charming passage about Gloria Naftali from the NYT article:

After Mr. Naftali’s death [in 2003], his wife continued fussing lovingly over her creative brood, dancing at parties into her nineties and making pledges that the building would remain an artists’ community forever, tenants said.

Gloria died in 2022, and representatives of her estate made the controversial decision to sell the building in 2024, saying that the building was “just not profitable enough.” All right. Here at High Line 28, we have to respect the decision of property owners to sell when they want to sell, though we’re also of the view that the artists and the studios and the exhibitions are what make Chelsea Chelsea. We’ll reach out to the estate representatives here to find out what the latest is on the sale process.