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254 West 23rd Street, New York, NY 10011 Prime Chelsea | 4,700± SF | Vacant Commercial Building NNN | Divisions Considered | 1,000 SF Garden 254 West 23rd Street New York, NY 10011 Prime Chelsea | 4,700± SF | Vacant Commercial Building NNN | Divisions Considered | 1,000 SF Garden PROPERTY OVERVIEW PROPERTY OVERVIEW 254 West 23rd Street, New York, NY 10011 254 West Street is a vacant 4,700± SF 3-story vacant commercial building with a garden located in the heart of the Chelsea neighborhood of Manhattan. Building is vacant, formerly East of Eight restaurant with gallery on upper floors. Built circa 1920, the property is located between 7th and 8th Avenue. Steps away from the 23rd Street 1, A, C, and E train. PROPERTY OVERVIEW Neighborhood Chelsea Block & Lot 772 / 74 Lot Size 25’ x 98.75’ Predominant Retail with Building Class Other Uses (K4) Tax Class 4 Stories 3 Zoning C2-7A FAR (Built/Allowed) 1.90 / 7.52 Real Estate Taxes 100% of increase NNN Rent: $35,000 per month | $420,000 per annum PROPERTY OVERVIEW AERIAL MAP CHELSEA Gotham Comedy Club Cinepolis Chelsea Hotel Chelsea Row House Crunch Fitness Blick Art Materials GAP Whole Foods CVS The High School of Fashion Industries Bank of Rite Aid America Economy Foam Stickley Audi & Co Blink Fitness TD Bank West Chelsea Veterinary 254 West 23rd Street, New York, NY 10011 | 5 PROPERTY OVERVIEW AREA MAP Manhattan Mall Empire State Building The High Line FIT CHELSEA KOREA TOWN Ace Hotel Cinepolis Chelsea Whole Foods Hilton NY Fashion Momomfuku District Gotham Comedy Club Highline Ballroom TAO Downtown Trader Joe’s Flatiron Building Rubin Museum of Art Bed Bath & Beyond Gramercy Theatre GRAMERCY PARK WEST VILLAGE Union Square Park PROPERTY OVERVIEW FLOOR PLANS 254 West 23rd Street, New York, NY 10011 | 7 PROPERTY OVERVIEW FLOOR PLANS PROPERTY OVERVIEW FLOOR PLANS 254 West 23rd Street, New York, NY 10011 | 9 PROPERTY OVERVIEW FLOOR PLANS PROPERTY OVERVIEW FLOOR PLANS 254 West 23rd Street, New York, NY 10011 | 11 PROPERTY OVERVIEW FLOOR PLANS PROPERTY OVERVIEW FLOOR PLANS 254 West 23rd Street, New York, NY 10011 | 13 PROPERTY OVERVIEW FLOOR PLANS PROPERTY OVERVIEW FLOOR PLANS 254 West 23rd Street, New York, NY 10011 | 15 PROPERTY OVERVIEW FLOOR PLANS PROPERTY OVERVIEW FLOOR PLANS 254 West 23rd Street, New York, NY 10011 | 17 PROPERTY OVERVIEW FLOOR PLANS PROPERTY OVERVIEW FLOOR PLANS 254 West 23rd Street, New York, NY 10011 | 19 PROPERTY OVERVIEW FLOOR PLANS PROPERTY OVERVIEW FLOOR PLANS 254 West 23rd Street, New York, NY 10011 | 21 PROPERTY OVERVIEW Property Photos PROPERTY OVERVIEW Property Photos 254 West 23rd Street, New York, NY 10011 | 23 PROPERTY OVERVIEW Property Photos – Street Level PROPERTY OVERVIEW Property Photos – Street Level 254 West 23rd Street, New York, NY 10011 | 25 PROPERTY OVERVIEW Property Photos – Basement PROPERTY OVERVIEW Property Photos – First Floor 254 West 23rd Street, New York, NY 10011 | 27 NEIGHBORHOOD CHELSEA Chelsea is a neighborhood on the West Side of the borough of Manhattan in New York City. The district's boundaries are roughly 14th Street to the south, the Hudson River and West Street to the west, and Sixth Avenue to the east, with its northern boundary variously described as near the upper 20s or 34th Street, the next major crosstown street to the north. To the northwest of Chelsea is the neighborhood of Hell's Kitchen, as well as Hudson Yards; to the northeast are the Garment District and the remainder of Midtown South; to the east are NoMad and the Flatiron District; to the southwest is the Meatpacking District; and to the south and southeast are the West Village and the remainder of Greenwich Village. Chelsea is part of Manhattan Community Board 4. contains the Chelsea Historic District and its extension, which were designated by the New York City Landmarks Preservation Commission in 1970 and 1981 respectively. The district was added to the National Register of Historic Places in 1977, and expanded in 1982 to include contiguous blocks containing particularly significant examples of period architecture. The neighborhood is primarily residential, with a mix of tenements, apartment blocks, city housing projects, townhouses, and renovated row houses, but its many retail businesses reflect the ethnic and social diversity of the population. The area has a large LGBTQ population. Chelsea is also known as one of the centers of the city's art world, with over 200 galleries in the neighborhood. As of 2015, due to the area's gentrification, there is a widening income gap between the wealthy living in luxury buildings and the poor living in housing projects, who are, at times, across the street from each other. NEIGHBORHOOD CHELSEA 254 West 23rd Street, New York, NY 10011 | 29 Presented by: Danielle L. Lacko Senior Retail Director (212) 951-8414 [email protected] Matthew Mager Managing Director (646) 472-8735 [email protected] Paul J. Nigido Senior Financial Analyst (646) 424-5316 [email protected] Jared Rehberg Marketing Manager (646) 424-5067 [email protected] 254 West 23rd Street, New York, NY 10011 Prime Chelsea | 4,700± SF | Vacant Commercial Building NNN | Divisions Considered | 1,000 SF Garden BESEN RETAIL LLC 381 Park Avenue South 15th Floor | New York, NY 10016 (646) 472-8735 | www.besenretail.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. Rendering pictured in offering materials is not specifically approved for referenced development site. Buildable square footage is subject to verification by purchaser’s own architect and/or zoning attorney..
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