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127 7th Ave
Brooklyn, NY 11215
M&T Bank · Retail Property For Sale
Investment Highlights
- 2,340 Modified Net Leased Bank Branch Condo Located on 7th Avenue in the Heart of Manhattan's Chelsea Neighborhood
- Location has Been a Bank Branch Since 2008 - M&T Renewed their Lease early in 2026 for a Brand New 5 Year Term
- Located on the Ground Floor Yves Chelsea - a 14 Story/41 Unit Luxury Condominium Building in the Heart of Chelsea
- 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
- Zero Options Remaining - Strong Upside Potential for a Future Owner
- High Image Street Level Retail Benefitting from Excellent Signage, Visibility and Foot Traffic
Executive Summary
2,340 Modified Net Leased Bank Branch Condo Located on 7th Avenue in the Heart of Manhattan's Chelsea Neighborhood
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,340 SF
Building Class
C
Year Built
2008
Price
$10,059,272
Price Per SF
$4,298.83
Cap Rate
5.50%
NOI
$553,260
Tenancy
Single
Building Height
3 Stories
Building FAR
0.65
Lot Size
0.08 AC
Zoning
R6
Property Taxes
| Parcel Number | 01069-0014 | Improvements Assessment | $704,250 |
| Land Assessment | $95,850 | Total Assessment | $800,100 |
Property Taxes
Parcel Number
01069-0014
Land Assessment
$95,850
Improvements Assessment
$704,250
Total Assessment
$800,100
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