The former New York home of Marlborough Gallery, arguably the world’s pioneering mega-gallery before its collapse and closure in 2024, has found a new owner.

Gazelli Art House, which operates galleries in London and Baku, Azerbaijan, has purchased the former Marlborough space at 545 West 25th Street for $7.5 million. Brown Harris Stevens brokers Jeffrey Zoldan and Roger Gillen represented the seller.

The sale marks another chapter in the winding down of Marlborough’s legacy. After nearly eight decades in business, the gallery announced in April 2024 that it would cease representing artists, close its exhibition program and begin liquidating an inventory reportedly worth around $250 million, following years of financial losses and an acrimonious internal family dispute.