253 West 28th Street, 4FLR/RETAIL

Prime real estate portfolio. Expand your business over time while you operate with income. Zoned M1-6D. Building lot is approximately 50' X 117'. 4FL: This full-floor loft with over 5,000 square feet (Lot size appx. 5,817SF) exudes style and sophistication. The flexible layout allows for many different configurations including multiple office areas with two full baths and a powder room. Architect-designed, the work/office/studio spaces are separated by frosted tempered glass walls, letting light flow throughout the space while maintaining distinct and functional separation. The professional chef's kitchen features off-white Terrazzo stone flooring and countertops that contrast beautifully with dark oak custom cabinetry. Other features include four exposures, ten-foot ceilings, private keyed-elevator entry, tri-zone central A/C, a washer/dryer and a media room wired for sound. Photos were taken five years prior. The retail level 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-square feet with plumbing and high ceilings (approximately 11') 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 of Technology, 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. 24/7 access, passenger elevator, video security. Investors only (end-user possible in unfinished portion of lower level); tenants in place. Estimated combined portfolio cap rate with available/transferrable air rights of up to 18,417 SF: 5.4%