M&T Bank

Highlights:

• 2,340 Modified Net Leased Bank Branch Condo Located on 7th Avenue in the Heart of Manhattan's Chelsea Neighborhood
• Leased to M&T Bank - Headquartered in Buffalo, NY, M&T Bank has over 780 Branches Nationally and a Moody's Credit Rating of A2
• Location has Been a Bank Branch Since 2008 - M&T Renewed their Lease early in 2026 for a Brand New 5 Year Term - Exhibits Strong Commitment to the Location
• Zero Options Remaining - Strong Upside Potential for a Future Owner
• Located on the Ground Floor Yves Chelsea - a 14 Story/41 Unit Luxury Condominium Building in the Heart of Chelsea
• Well Located Near the Corner of 7th Avenue & West 18th Street in Manhattan's Chelsea Neighborhood
• High Image Street Level Retail Benefitting from Excellent Signage, Visibility and Foot Traffic
• Easy Access to Neighborhood Amenities Including in Close Proximity to 18th Street Station
• Strong and Dense Population Demographics

Description:

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New York, often called New York City[a] or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over 300.46 square miles (778.2 km2), New York City is also the most densely populated major city in the United States and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York State and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States both by population and by urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous megacities, and over 58 million people live within 250 mi (400 km) of the city. New York City is a global cultural, financial, entertainment, and media center with a significant influence on commerce, health care and life sciences, research, technology, education, politics, tourism, dining, art, fashion, and sports. Home to the headquarters of the United Nations, New York is an important center for international diplomacy and is sometimes described as the capital of the world.

Situated on one of the world's largest natural harbors and extending into the Atlantic Ocean, New York City comprises five boroughs, each of which is coextensive with a respective county of the state of New York. The five boroughs—Brooklyn (Kings County), Queens (Queens County), Manhattan (New York County), the Bronx (Bronx County), and Staten Island (Richmond County)—were created when local governments were consolidated into a single municipal entity in 1898. The city and its metropolitan area constitute the premier gateway for legal immigration to the United States. As many as 800 languages are spoken in New York, making it the most linguistically diverse city in the world. New York City is home to more than 3.2 million residents born outside the United States, the largest foreign-born population of any city in the world as of 2016. As of 2022, the New York metropolitan area is estimated to produce a gross metropolitan product of over $2.1 trillion, ranking it first worldwide. If the New York metropolitan area were a sovereign state, it would have the eighth-largest economy in the world. New York City is an established safe haven for global investors. As of 2022, New York is home to the highest number of billionaires and millionaires of any city in the world.

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