Nassimi Realty has acquired a 9,500 s/f corner retail condominium at Seventh Ave. and West 24th St. in Chelsea in an all-cash deal, capitalizing on continued distress in the city’s retail pricing.

The retail condo, comprising nearly 6,000 s/f at grade and an additional 3,500 s/f below grade, was acquired by Nassimi Realty at a substantial discount to its last recorded trade.