253 West 28th St. #1

INVESTORS ONLY : COMMERCIAL/RETAIL SPACE Ground floor and basement space, approximately 8,400 SF total, in a commercial co-op with four other units. Approximately 2/3 of the space is improved and tenant-occupied. West Chelsea, Manhattan, near Penn Station, easy Lincoln Tunnel access, within three blocks of 1/2/3, R/W and C/E subway lines. The tenant is Honeywell International Inc. Tenant upgrades include: loading dock/garage, central HVAC, reinforced floor, alarming, server system, his and hers bathrooms, kitchenette, a training center and a private office. Unoccupied basement area of approximately 2,000 square feet is unfinished with basic plumbing and high ceilings (over 10 feet) and can be used as storage or converted to other use (pending necessary upgrades and building and city approval). Unit will be sold with tenant in place. Lease abstract with terms available upon request. CO-OP IS FRIENDLY TO FOREIGN OWNERSHIP AND ALLOWS 90% FINANCING. Building expenses on the space (including real estate taxes) are approximately $7,000/month, which could be mostly offset by income on the unoccupied basement space. Apartment Features: South exposure Building Features: Video security, Water