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Multifamily Property For Sale

Owner Financing: Chelsea Loft Bldg. w\ Retail

109-111 West 24th Street, New York, NY 10011

Price:
$15,000,000
No. Units:
11
Building Size:
36,545 SF
Price/Unit:
$1,363,636.36
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
2%
Lot Size:
5,712 SF
Find Out More...

Last Verified 9/10/2009 Listing ID 16284832

Description

Built in 1902, this elevatored 7-story commercial loft building currently contains a ground floor retail unit and lower level, plus 10 commercial loft units, two of which are of IMD status. There is tremendous upside in the building's rents which average $4,259 per leased commercial unit or $19/nsf. The ground floor retail component, along with five commercial loft units, can be delivered vacant, making this ideal for an investor or an end user. Soaring ceiling heights and tremendous light and air also make this a great candidate for condo conversion. Best Chelsea location.

Best Chelsea location, next door to the Chelsea Stratus

Map of 109-111 West 24th Street, New York, NY 10011 (New York County)

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Presented by

The Corcoran Group

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Contact Listing Broker

Steven Sikora (917) 494-5643

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Created 6/18/2009

Additional Information for 109 W 24th Street, New York, NY 10011

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Owner Financing: Chelsea Loft Bldg. w\ Retail

109-111 West 24th Street, New York, NY, 10011