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231-233 Tenth Ave - 3,800 SF Retail Condo 3,797 SF Retail Condo Unit Offered at $2,500,000 in New York, NY 10011
INVESTMENT HIGHLIGHTS
- 3,800 SF Ground Floor Retail Condo Located Steps Away From the Entrance to the Highline
- 24 Feet of Frontage Along 10th Avenue - Potential 9%+ CAP
- Currently Occupied by an Art Gallery/Event Space - Will be Delivered Vacant at the Closing
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Elevator
1 UNIT AVAILABLE
Unit Retail Con
| Unit Size | 3,797 SF | Condo Use | Retail |
| Price | $2,500,000 | Sale Type | Investment or Owner User |
| Price Per SF | $658.41 |
| Unit Size | 3,797 SF |
| Price | $2,500,000 |
| Price Per SF | $658.41 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
DESCRIPTION
The subject offering is a 3,800 square foot retail condo located on Tenth Avenue, between 23rd and 24th Streets, in Manhattan’s Chelsea neighborhood. The offering is located steps from the entrance to The Highline, and it sits at the base of Vesta24, a 22-unit luxury condominium building.
The unit is currently occupied by an event space/gallery, and it will be delivered vacant at the closing. The space features 12’ ceilings with 24’ of frontage on Tenth Avenue. This is an opportunity to acquire a minimal management Manhattan retail asset in one of the fastest growing trades areas in the city. The site sites right between the Meatpacking District and Hudson Yards, and it is surrounded by both art galleries and national retailers.
SALE NOTES
This offering stands to benefit from both long-term appreciation and a wide tenant base due to its residential density, and continued development growth in both Hudson Yards and West Chelsea.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 22 | - | - |
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231-233 Tenth Ave - 3,800 SF Retail Condo
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