Mixed-Use

159 West 23rd Street

159 W 23rd St, New York, NY 10011

Listing Price: $9,500,000

Cap Rate
4.66%
Number of Units
8
Occupancy
1.0%
Price/Unit
$1,187,500
Price/Gross SF
$1,061.45
Gross SF
8,950

Investment Overview

Marcus & Millichap is pleased to offer 159 West 23rd Street, located between 7th Avenue and 6th Avenue in the Chelsea section of Manhattan, New York. The subject property, 159 West 23rd Street, is a five-story mixed-use building that consists of 2 retail units and 6 apartment units. The property is built 25 feet by 98.75 feet on the first floor, 25 feet by 94.75 feet on the second floor and 25 feet by 55 feet on the third through fifth floors with approximately 8,950 gross square feet. The property is zoned C6-3X (Block: 799, Lot: 11) This property offers investors and owner/users the rare opportunity to acquire prime mixed use building with newly built, column-free retail space and three renovated apartments on West 23rd Street in the Chelsea section of Manhattan, New York.

Investment Highlights

  • Rare West 23rd Street Mixed-Use Building in Chelsea
  • One Block or Less to Subway Lines F, M, 1, C, E & PATH to NJ
  • Column-free, Newly Built Retail Space, Located on Heavy Trafficked West 23rd Street
  • Two Retail Units | Three Free Market Apartments | Three Rent Regulated Apartments

Exclusively Listed By

Listing Price: $9,500,000

Cap Rate
4.66%
Number of Units
8
Occupancy
1.0%
Price/Unit
$1,187,500
Price/Gross SF
$1,061.45
Gross SF
8,950

Investment Highlights

  • Rare West 23rd Street Mixed-Use Building in Chelsea
  • One Block or Less to Subway Lines F, M, 1, C, E & PATH to NJ
  • Column-free, Newly Built Retail Space, Located on Heavy Trafficked West 23rd Street
  • Two Retail Units | Three Free Market Apartments | Three Rent Regulated Apartments

Investment Overview

Marcus & Millichap is pleased to offer 159 West 23rd Street, located between 7th Avenue and 6th Avenue in the Chelsea section of Manhattan, New York. The subject property, 159 West 23rd Street, is a five-story mixed-use building that consists of 2 retail units and 6 apartment units. The property is built 25 feet by 98.75 feet on the first floor, 25 feet by 94.75 feet on the second floor and 25 feet by 55 feet on the third through fifth floors with approximately 8,950 gross square feet. The property is zoned C6-3X (Block: 799, Lot: 11) This property offers investors and owner/users the rare opportunity to acquire prime mixed use building with newly built, column-free retail space and three renovated apartments on West 23rd Street in the Chelsea section of Manhattan, New York.

Exclusively Listed By

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