The former Limelight, a historically significant building that once housed a renowned nightclub, is once again on the market for lease, as reported by New York Magazine. The article, published on August 11, 2025, at 19:48, highlights that the iconic New York City venue is available for commercial lease or sale.
Located at 47 West 20th Street in the Flatiron district, the building has a storied past. Originally constructed as a Presbyterian church in the late 19th century, it later transitioned into the Limelight, a popular nightclub that was a significant part of New York’s nightlife scene in the 1980s and 1990s. The venue was known for its unique Gothic architecture and attracted a vibrant crowd, becoming a cultural landmark for a generation.
The New York Magazine article details that the property is being offered by Ashkenazy Acquisition Corporation. This prominent real estate investment firm has a history of acquiring and managing retail and commercial spaces across the United States, including several notable properties in New York City. The article touches upon the building’s recent history, noting its previous struggles with various retail and commercial ventures since the Limelight nightclub closed its doors. This has led to a perception of the location being somewhat challenging for sustained business success, a point the article subtly acknowledges.
The listing presents an opportunity for a new tenant to occupy a space rich in history and architectural character. The building’s unique design, with its soaring ceilings and stained-glass windows, offers a distinctive setting that could be ideal for a variety of high-end retail, entertainment, or hospitality concepts. The article suggests that the current offering signifies a renewed effort to find a stable and successful use for this prominent Chelsea/Flatiron address.
Real estate observers will be keenly watching to see which entity or business will take on the challenge of revitalizing this historic space. The prospect of infusing new life into the former Limelight, with its distinctive architectural presence, is a compelling one, and the outcome of this latest leasing effort will undoubtedly be of interest to those following New York’s dynamic commercial real estate market.
The Former Limelight Is Up for Grabs Yet Again
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New York Magazine published ‘The Former Limelight Is Up for Grabs Yet Again’ at 2025-08-11 19:48. Please write a detailed article about this news in a polite tone with relevant information. Pl ease reply in English with the article only.