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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
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144 8th Avenue | 144 Eighth Ave
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