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156-158 Seventh Ave 3,358 SF 100% Leased Retail Building New York, NY 10011 For Sale
INVESTMENT HIGHLIGHTS
- 22,080 total buildable square feet with Commercial FAR.
- Ideal opportunity for boutique Office, Hotel, Rental, or Condominium building
- Close proximity to High Line, West Side Highway, Chelsea Piers, Meatpacking District, Flatiron District, and Union Square
- 27,684 total buildable square feet with Residential FAR and 31,280 maximum ZFA with IHP FAR.
- 46’ of frontage on Seventh Avenue provides continuous exposure for ground floor retail
EXECUTIVE SUMMARY
Judson CRE LLC as exclusive agent, is pleased to offer for sale 156-158 Seventh Avenue, a single-story commercial property on a 3,680 square foot lot. With an as-built FAR of 0.94, the lot is zoned C6-3A (R9A equivalent) with a 6.0 FAR for hotel, office, community facility, retail or any variation of mixed-use and 7.52 FAR for residential. This brings the total BSF for development to approximately 22,080 square feet and 27,674 square feet respectively, with the ability to add another approximately 1.0 FAR for
residential through the Inclusionary Housing Program (IHP) by acquiring CB4 air rights.
The site features 46’ of valuable retail frontage on Seventh Avenue between West 19th and West 20th Streets. With a maximum building height of 145 ft., new developments must set back 10 ft. from Seventh Avenue and 15 ft. from West 19th Street.
residential through the Inclusionary Housing Program (IHP) by acquiring CB4 air rights.
The site features 46’ of valuable retail frontage on Seventh Avenue between West 19th and West 20th Streets. With a maximum building height of 145 ft., new developments must set back 10 ft. from Seventh Avenue and 15 ft. from West 19th Street.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,358 SF
Building Class
C
Year Built
1920
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.08 AC
Zoning
C6-3A
Frontage
46’ on 7th Ave
AMENITIES
- Bus Line
- Metro/Subway
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0769-0036 | Improvements Assessment | $890,313 |
| Land Assessment | $742,500 | Total Assessment | $1,632,813 |
PROPERTY TAXES
Parcel Number
0769-0036
Land Assessment
$742,500
Improvements Assessment
$890,313
Total Assessment
$1,632,813
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156-158 Seventh Ave
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