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Motivated Seller – GROUND LEVEL with BASEMENT Commercial/condo Ground space for sale in Chelsea, NYC. NOT THE ENTIRE BUILDING, JUST THE COMMERCIAL SPACE IS FOR SALE.
Due to its prime location, the restaurant has made cameos in several TV shows and movies.
Motivated Seller – GROUND LEVEL with BASEMENT Commercial/condo Ground space for sale in Chelsea, NYC. NOT THE ENTIRE BUILDING, JUST THE COMMERCIAL SPACE IS FOR SALE.
Due to its prime location, the restaurant has made cameos in several TV shows and movies. The unit is currently a fully operational restaurant complete with garden/event space in the back, fully functional and up to code kitchen, immaculate basement with a personal office, full bathroom, employee changing area, cellar, massive cooler, and delivery shoot.
Restaurant is a spacious, well crafted open concept bar and cocktail lounge. The space gives way to the dining area decorated with a huge mirror and it’s functional dramatic brick gas fireplace. Continue past the dining area to the glass enclosed garden dining/event space in the back, excellent for meetings, events, and parties. The industrial kitchen is fully equipped and up to code.
The basement has 3 egresses. The projected income based on recent market analysis puts this gem at $25K per month, allowing your cap rate to soar to an astonishing 7.5% post expenses, very rare in this market.
Conveniently located by the West Side Highway and the High Line, this property location makes it the ideal place to maximize on, not only foot traffic, but car traffic. Surrounded by tourist hot spots like The Chelsea Hotel, The High Line, Gotham Comedy Club, Flatiron Building, The Standard Hotel, The Vessel, Rubin Museum, as well as 15 of the most reputable art galleries in the United States!
Why rent when you can acquire a great commercial opportunity.
| Date | Price | Event |
|---|---|---|
9/10/2024 | $2,195,000 | Delisted by Corcoran |
7/15/2024 | $2,195,000 | Price decreased 12% |
6/10/2024 | $2,495,000 | Price decreased 7% |
6/7/2024 | $2,695,000 | Price increased 59% |
5/29/2024 | $1,695,000 | Listed by Corcoran |
C E at 23rd St
0.12 miles
1 at 23rd St
0.29 miles
1 at 18th St
0.34 miles
A C E L at 14th St-8th Av
0.34 miles
1 at 28th St
0.37 miles
(PK,0K,01,02,03,04,05,SE)
M.S. 297(06,07,08,SE)
General Theological Seminary
0.16 miles
Fashion Institute of Technology
0.32 miles
Swedish Institute of Massage Therapy
0.41 miles
Phillips Beth Israel School of Nursing
0.53 miles
New York Conservatory for Dramatic Arts
0.57 miles
Penn South Playground
0.16 miles
Clement Clarke Moore Park
0.18 miles
The High Line
0.24 miles
Dr. Gertrude B. Kelly Playground
0.31 miles
Jackson Square
0.5 miles
Dia Art Foundation
0.3 miles
Chelsea Art Museum
0.36 miles
The Museum at FIT
0.37 miles
Rubin Museum of Art
0.44 miles
John J. Harvey Fireboat
0.63 miles
