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128 W 23rd St - Graydon Chelsea 3,926 SF Retail Condo Unit in New York, NY 10011
Investment Highlights
- Located in the bustling Chelsea neighborhood, between 6th and 7th Avenues with heavy pedestrian traffic.
- 100% leased to Wonder, a cutting-edge food delivery and retail operator valued at over $7 billion.
- Easy access to major transit, including multiple subway lines, PATH, and Penn Station within walking distance.
- Features exceptional 35-foot frontage and dramatic ceiling heights of 24 feet on the ground floor and 14 feet on the lower level.
- Surrounded by top-tier brands including Eataly, Whole Foods, Home Depot, West Elm, and Pottery Barn.
- Modern retail space at the base of a new luxury condominium, Graydon Chelsea.
Executive Summary
The property at 128 West 23rd Street is a ground-floor retail condominium located on the south side of West 23rd Street between 6th and 7th Avenues in Manhattan's Chelsea neighborhood. The unit is part of the Graydon Chelsea residential condominium building. Total size is 3,926 SF, with 3,476 SF above grade and 450 SF below grade. It includes 35 feet of street frontage and varying ceiling heights: approximately 24 feet on the main level and 14 feet below grade. The condo is currently occupied under a long-term lease by Wonder, a food delivery and retail operator.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 0798-1801 |
| Sale Type | Investment |
| APN/Parcel ID | 0798-1801 |
Sale Notes
Cushman & Wakefield has been exclusively retained to offer for sale the ground floor retail condo located at 128 West 23rd Street at the base of a new luxury residential building, Graydon Chelsea. The property is centrally located on the south side of West 23rd Street between 6th and 7th Avenues. The unit spans 3,926 square feet, including 3,476 square feet on the ground floor and 450 square feet on the lower level. The space boasts 35’ of glass frontage and 24’ high ceilings on the ground and 14’ on the lower level. The condo is 100% leased to Wonder – a food delivery and tech-enabled food hall valued at over $7 billion. Located in the heart of Chelsea’s dense residential neighborhood with significant pedestrian traffic, the unit neighbors international retailers, restaurants, and ample neighborhood amenities. Notable cotenancy includes Eataly, West Elm, Pottery Barn, Home Depot, the Container Store, EQ3, Whole Foods, Chick-Fil-A, The Chelsea Hotel, Momoya, Le Zie, Barry’s Chelsea, F45 and Solidcore among many others.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit C1 | 3,926 SF | Retail | Upon Request | $395,271 |
Unit C1
| Unit Size |
| 3,926 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $395,271 |
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Unit C1
| Unit Size | 3,926 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $395,271 |
| Sale Type | Investment |
| APN/Parcel ID | 0798-1801 |
| Sale Notes | |
| Cushman & Wakefield has been exclusively retained to offer for sale the ground floor retail condo located at 128 West 23rd Street at the base of a new luxury residential building, Graydon Chelsea. The property is centrally located on the south side of West 23rd Street between 6th and 7th Avenues. The unit spans 3,926 square feet, including 3,476 square feet on the ground floor and 450 square feet on the lower level. The space boasts 35’ of glass frontage and 24’ high ceilings on the ground and 14’ on the lower level. The condo is 100% leased to Wonder – a food delivery and tech-enabled food hall valued at over $7 billion. Located in the heart of Chelsea’s dense residential neighborhood with significant pedestrian traffic, the unit neighbors international retailers, restaurants, and ample neighborhood amenities. Notable cotenancy includes Eataly, West Elm, Pottery Barn, Home Depot, the Container Store, EQ3, Whole Foods, Chick-Fil-A, The Chelsea Hotel, Momoya, Le Zie, Barry’s Chelsea, F45 and Solidcore among many others.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 59,500 SF | Floors | 17 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,500 SF |
| Property Subtype | Apartment | Year Built | 2021 |
| Building Class | B | Lot Size | 0.12 AC |
| Zoning | C6-3X - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Total Building Size | 59,500 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 17 |
| Typical Floor Size | 3,500 SF |
| Year Built | 2021 |
| Lot Size | 0.12 AC |
| Zoning | C6-3X - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
Amenities
Site Amenities
- 24 Hour Access
- Fitness Center
- Doorman
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 30 | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Contacts
-
Dimitri Venekas -
Dylan Walsh -
Michael Gembecki -
Robert Burton -
Bobby Carrozzo -
Jeremy Stern -
Cushman & Wakefield
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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128 W 23rd St - Graydon Chelsea
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