Joel Wertzberger Of Joyland Management Acquires Development Site In Chelsea For $23 Million

The development site located at 228 West 29th Street and 230 West 29th Street in Chelsea, Manhattan, is under contract for a price of $23,000,000. The property encompasses a total square footage of 105,076, resulting in a price per square foot of $219.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $23,000,000
• Buyer: Joel Wertzberger - Joyland Management
• Seller: Subud New York
• BSF: 105,076
• PPBSF: $219

Joyland Management, under the leadership of Joel Wertzberger, has entered into a contract to acquire the properties from the religious organization Subud New York, with state approval received on November 4, 2026.