Prime Chelsea Retail Condo | Delivered Vacant | FOR SALE
$2,400,000
158 West 23rd Street, New York, NY 10011
132,585
NOI
1,831 sqft
Above Grade SF (Ground Floor)
Details:
Description:
Ariel Property Advisors has been retained on an exclusive basis to sell the retail condominium unit at 158 West 23rd Street, located on 23rd Street between 6th and 7th Avenues in the prime neighborhood of Chelsea. The vacant, turn-key, 3,286 square-foot retail unit, consists of approximately 1,831 square feet of ground floor selling space and 1,455 square feet of below-grade leasable area. With most uses permitted and the space being vented for food and beverage, 158 West 23rd Street offers investors and users a blank space with an efficient layout to create a successful business concept.
The unit’s central position along the 23rd Street corridor provides convenient access to the 1 subway station located on 7th Avenue and the A/C/E subway station located on 8th Avenue. Crosstown access is provided by the M23 bus route.
The property’s highly visible location within Chelsea benefits from the volume of pedestrian traffic from residents and tourists alike who are visiting the surrounding local and prominent destination retailers and institutions such as the Fashion Institute of Technology. Additional exposure is driven by the property’s close proximity to the Flatiron District and Madison Square Park.
158 West 23rd Street provides investors and owner-users the opportunity to acquire an extremely well-positioned asset on a thriving retail corridor in one of Manhattan’s most sought after 24-hour neighborhoods.
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