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144 8th Avenue 144 Eighth Ave 9,874 SF 100% Leased Retail Building New York, NY 10011 $9,500,000 ($962.12/SF) 6.25% Cap Rate
Investment Highlights
- Prime Chelsea Location: Located on the northeast corner of West 17th Street and Eighth Avenue with proximity to the 1,2,3 Subway line
- Optimized for Income: Features Six (6) Commercial Units Dispersed Amongst ±9,874 SF allowing for maximum revenue
- The property affords buyers a chance to establish a strong neighborhood presence with a steady income producing assets
- Major Tech Investment Nearby: Located one block north of Google’s headquarters at 111 Eighth Avenue. Purchased by Google in 2010 with 2.7 million SF
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,874 SF
Building Class
B
Year Built
1920
Price
$9,500,000
Price Per SF
$962.12
Cap Rate
6.25%
NOI
$593,947
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
12’
Building FAR
3.74
Lot Size
0.06 AC
Zoning
C1-5
Frontage
Amenities
- Banking
- Bus Line
- Metro/Subway
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Lyons Den Yoga
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Lyons Den Yoga | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0767-0001 | Improvements Assessment | $1,798,875 |
| Land Assessment | $310,050 | Total Assessment | $2,108,925 |
Property Taxes
Parcel Number
0767-0001
Land Assessment
$310,050
Improvements Assessment
$1,798,875
Total Assessment
$2,108,925
Contacts
-
Brock Emmetsberger -
Stephen Dadourian -
Matthews Real Estate Investment Services
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144 8th Avenue | 144 Eighth Ave
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