For sale once more, Chelsea’s historic Tin Pan Alley faces demolition
The historic stretch of West 28th Street known as Tin Pan Alley, the driving force behind American popular music around the turn of the 20th century, is once again facing an uncertain future.
In that event, the tenants in the rent-controlled buildings may give the developer some trouble. Five years ago when the buildings briefly went on the market, they reportedly said they would ask for a buyout of up to $1 million per apartment.
The buildings could also be saved if the Landmarks Preservation Commission were to grant them Landmark status, something it has reportedly considered in the past.