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109-111 W 24th St
New York, NY 10011
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Prime Chelsea Location
- Cash Flowing
- Elevator Property
- Near-Term Upside
- Diverse Tenant Mix
- Strong Neighborhood Demographics
EXECUTIVE SUMMARY
Cushman & Wakefield has been exclusively retained to arrange the sale of 111 West 24th Street, a mixed-use boutique office property located in the Chelsea neighborhood of Manhattan. The property is ideally situated on the north side of West 24th Street between 6th and 7th Avenues, a prime location surrounded by world-class dining, boutique retail, art galleries, and major employers.
The property comprises approximately 46,190 rentable square feet across seven stories and includes elevator service. The building features ground-floor retail with six floors of office space above and is currently 70% leased to a diverse mix of tenants.
Located in the heart of Chelsea, 111 West 24th Street benefits from proximity to some of Manhattan’s most dynamic destinations, including the High Line, Chelsea Market, Hudson Yards, and Madison Square Park. The area continues to see robust growth with rising retail and residential rents, supported by the neighborhood’s enduring appeal to both residents and visitors. Chelsea’s unique blend of historic architecture, art culture, and modern amenities makes it one of Manhattan’s most desirable submarkets. Furthermore, the property also offers exceptional access to public transportation, with the 1 F M W R and PATH trains all within walking distance, providing seamless connectivity to the rest of New York City.
This is an excellent opportunity for an investor to step in and finish the building’s business plan and stabilize the asset at above-market yields. Investors can capitalize on near-term upside, as Chelsea continues to experience sustained growth driven by high demand, continued development, and its central Manhattan location.
The property comprises approximately 46,190 rentable square feet across seven stories and includes elevator service. The building features ground-floor retail with six floors of office space above and is currently 70% leased to a diverse mix of tenants.
Located in the heart of Chelsea, 111 West 24th Street benefits from proximity to some of Manhattan’s most dynamic destinations, including the High Line, Chelsea Market, Hudson Yards, and Madison Square Park. The area continues to see robust growth with rising retail and residential rents, supported by the neighborhood’s enduring appeal to both residents and visitors. Chelsea’s unique blend of historic architecture, art culture, and modern amenities makes it one of Manhattan’s most desirable submarkets. Furthermore, the property also offers exceptional access to public transportation, with the 1 F M W R and PATH trains all within walking distance, providing seamless connectivity to the rest of New York City.
This is an excellent opportunity for an investor to step in and finish the building’s business plan and stabilize the asset at above-market yields. Investors can capitalize on near-term upside, as Chelsea continues to experience sustained growth driven by high demand, continued development, and its central Manhattan location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
49,190 SF
Building Class
B
Year Built
1902
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
7,027 SF
Slab To Slab
12’
Building FAR
8.61
Lot Size
0.13 AC
Zoning
C6-4X, M1-6 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location
AMENITIES
- Bus Line
- Metro/Subway
PROPERTY TAXES
| Parcel Number | 0800-0033 | Improvements Assessment | $1,686,330 |
| Land Assessment | $823,500 | Total Assessment | $2,509,830 |
PROPERTY TAXES
Parcel Number
0800-0033
Land Assessment
$823,500
Improvements Assessment
$1,686,330
Total Assessment
$2,509,830
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