Net-Leased Chelsea Retail - Vacant June 2026 189 9th Ave 1,980 SF Retail Building New York, NY 10011 $5,000,000 ($2,525.25/SF) 5.39% Cap Rate

The New York Multifamily Team is pleased to exclusively offer for sale 189 Ninth Avenue, located in the heart of the Chelsea neighborhood. Situated between West 21st and West 22nd Streets along one of Manhattan’s most active retail corridors, this two-story mixed-use building is comprised of approximately 1,964 square feet and sits on an 18.58’ x 65’ lot (Block 719, Lot 41). Built in 1910 and constructed of masonry, the property is zoned R7B with a C2-5 commercial overlay.
189 Ninth Avenue is configured as a two-story retail building with full commercial use. The building contains one commercial unit and offers flexibility for an owner-user or investor seeking stable income in a high-demand submarket. The layout supports a variety of uses including restaurant, boutique retail, gallery, fitness, or specialty food concepts.
Prime Chelsea Location: Located between West 21st and West 22nd Streets, the property sits in the center of Chelsea’s vibrant retail corridor. The immediate area benefits from strong residential density, destination dining, art galleries, and boutique shopping. The High Line, Chelsea Market, and Hudson Yards are all within walking distance, driving consistent pedestrian traffic throughout the week.
Flexible Delivery & Tenant Strength: The property can be delivered vacant, providing an ideal opportunity for an owner-user or investor to reposition the asset, or a new lease can be negotiated with the current tenant. The existing tenant operates five additional locations and offers strong credit and established operations, presenting a stable income opportunity for investors seeking secure retail tenancy in a prime Chelsea.