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Residential, Retail, and Storage Co-Op 3 Condos Online Auction Sale New York, NY
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- The Capitol Building at 236 W 26th Street is a well-managed live-work-play building with a new lobby and upgraded infrastructure.
- Value-add portfolio of residential, retail, and storage basement suites in The Capitol Building, a pre-war, co-op with stunning architecture.
- Basement is 1,800 square feet, the ground-floor retail suite is 1,700 square feet, and the one-bedroom, one-bath condo is 900 square feet.
- Chelsea is a vibrant neighborhood in Manhattan’s Art District at the intersection of the Penn Station transportation hub and Hudson Yard.
- Conveniently placed near other retailers, professional establishments, and the 1 Train.
EXECUTIVE SUMMARY
Station Cities is pleased to present the fantastic value-add opportunity to acquire the portfolio of a ground-floor retail suite, a storage basement, and an apartment condo at 236 West 26th Street in the Chelsea neighborhood of New York. The retail aspect of this offering comprises a 1,800-square-foot basement-level unit and a 1,700-square-foot first-floor unit. Also included is the 900-square-foot apartment unit on the first floor. The suites will be delivered vacant, allowing a new investor to lease them out at market rents in an improving submarket of Manhattan.
Chelsea is renowned for its unique array of opulent high-rise apartments, trendy townhomes, and popular attractions, including The High Line, Chelsea Market, and Hudson Yards. Beautiful hotels near the property include Hotel Chelsea, Hilton NY Fashion District, and INNSiDE New York NoMad. Chelsea TV Studios, KWP Studios, and the Fashion Institute of Technology Campus and Museum are across the property. 236 W 26th Street is a very walkable location near Dunkin’, McDonald’s, Planet Fitness, Starbucks, and Whole Foods.
The New York Market is stabilized with strong demand and limited supply. Residential one-bedroom market rent averages $2,894, and retail market rates average $45.95 per square foot, a 1.64% increase year over year. Combining a broad base of white- and blue-collar jobs with unparalleled cultural and educational resources, the New York metro continues to hold a competitive advantage over nearly every global city.
Property tours are available by appointment only. Please contact the broker to schedule.
Chelsea is renowned for its unique array of opulent high-rise apartments, trendy townhomes, and popular attractions, including The High Line, Chelsea Market, and Hudson Yards. Beautiful hotels near the property include Hotel Chelsea, Hilton NY Fashion District, and INNSiDE New York NoMad. Chelsea TV Studios, KWP Studios, and the Fashion Institute of Technology Campus and Museum are across the property. 236 W 26th Street is a very walkable location near Dunkin’, McDonald’s, Planet Fitness, Starbucks, and Whole Foods.
The New York Market is stabilized with strong demand and limited supply. Residential one-bedroom market rent averages $2,894, and retail market rates average $45.95 per square foot, a 1.64% increase year over year. Combining a broad base of white- and blue-collar jobs with unparalleled cultural and educational resources, the New York metro continues to hold a competitive advantage over nearly every global city.
Property tours are available by appointment only. Please contact the broker to schedule.
MATTERPORT 3D TOURS
3D Tour of the Residential Unit
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OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Condition | Auction Sale | Status | Active |
| Type of Ownership | Fee Simple | Number of Properties | 3 |
| Sale Type | Investment | Total Building Size | 4,400 SF |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Total Building Size | 4,400 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT |
|---|---|---|---|
|
The Capitol Building
236 W 26th St, 1st Floor - Unit 1S, New York, NY 10001 |
Office Condo | 900 SF | 1925 |
|
The Capitol Building
236 W 26th St, Basement - Unit B, New York, NY 10001 |
Retail Condo | 1,800 SF | 1925 |
|
The Capitol Building
236 W 26th St, Ground - Unit Retail, New York, NY 10001 |
Retail Condo | 1,700 SF | 1925 |
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SALE ADVISOR
SALE ADVISOR
Daniel Kayton, Salesperson
With a sterling 12-year track record as a New York City real estate representative, the name “Daniel Kayton” is synonymous with deep market knowledge and top-notch service. Born in Brooklyn and raised on Long Island, Daniel is an outgoing and highly experienced professional, specializing in commercial real estate. He has a knack for spotting trends and keeping his finger on the pulse of the ever-changing marketplace to best serve his clients. With his finely-tuned, customer-centric approach, he focuses on the needs and preferences of every client he works with to achieve their ultimate goal.
Prior to joining the real estate industry, Daniel served in the restaurant business for 25 years, and made peerless customer service a priority. He also has a background in fashion, which benefits his keen ability to visualize projects and expertly guide their presentation. “The most important thing for me is making my clients feel that I am truly there for them,” Daniel says.
Prior to joining the real estate industry, Daniel served in the restaurant business for 25 years, and made peerless customer service a priority. He also has a background in fashion, which benefits his keen ability to visualize projects and expertly guide their presentation. “The most important thing for me is making my clients feel that I am truly there for them,” Daniel says.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Pace Zambito
Contact
Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Residential, Retail, and Storage Co-Op
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Residential, Retail, and Storage Co-Op
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