The demise of Barneys is leading to its former downtown home at 101 Seventh Ave. being marketed for sale at pricing expected to be around $50 million.

The 51,942-square-foot spot on the northeast corner of West 16th Street in Chelsea consists of an office and retail condominium in the base of an apartment building. It has 14,055 square feet of retail on the ground floor and lower level, with 37,887 square feet of office space on the second through fourth floors.

We’ve learned that a JLL Capital Markets team of Rob Rizzi, Brock Emmetsberger, Bob Knakal, Chase Tagen, Scott Aiese and Jillian Mariutti are representing the seller, Regency Centers, and are marketing the space.

Although Barneys was founded here in 1923 on the corner of West 17th Street and later expanded to adjoining buildings, it closed the location in 1993 before reopening in 2016 and closing again this year.

RIP, Barneys.