Legendary NYC hotel is for sale

NEW YORK (AP) — New York City’s legendary Hotel Chelsea is for sale.

The 1883 building has offered short and long-term shelter for some of the world’s most celebrated artists including Bob Dylan, Andy Warhol, Arthur Miller and Eugene O’Neil.

Boasting wrought iron balconies, it was declared a landmark in 1966 and a city cultural preservation site and historic building of note.

It was the city’s first cooperative apartment complex when it was built.

The building’s board announced its intent to sell it on Tuesday.

The board says it hopes “a new owner would re-energize and revitalize the Chelsea.”

It’s been owned and operated for more than 65 years by the same controlling families.

Today it has 125 transient hotel rooms and 101 residential units.