253 West 28th St. #RETAIL

The retail level is approximately 4,800 square feet with south and east exposures is equipped with loading dock/garage, central HVAC, reinforced floor, two bathroom suites, kitchenette, meeting room and executive office. The finished portion of the lower level is approximately 1,600 square feet and is a white box. The unfinished/unoccupied portion of the lower level is approximately 2,500 SF with plumbing and high ceilings (appx. 11 feet) and can be used as storage or potential to convert to other use (pending required upgrades and building/city approvals) with possibilities to divide and rent. Ideal Chelsea location opposite the Fashion Institute within three blocks of 1/2/3, C/E, N/R/W, PATH transportation lines, Penn Station, the Highline and all that downtown Manhattan has to offer. The plethora of uses include: business office, design studio, retail, showroom, museum, gallery. Access 24/7, passenger elevator, video security. Investors only (end-user possible in unfinished portion of lower level); tenants in place. Estimated cap rate with available/transferrable air rights of up to 10,834 SF : 5.7%.