$6,000,000
Updated 11 years ago
Off Market

253 West 28th Street, RETAIL

Chelsea, Manhattan | Seventh Ave & Eighth Ave

Loft 1 BathCo-op

$6,000,000
Maintenance$8,314

Listing Features

  • Galley Kitchen
  • Ground Floor
  • High Ceilings
  • Oversized Windows
  • Kitchenette

Outdoor space and views

  • East Exposure
  • North Exposure
  • South Exposure
  • West Exposure

Building Amenities

  • Voice Intercom
  • Keyed Elevator

Policies

  • Pets Allowed

Property Description for 253 West 28th Street, 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%.

Listing History for 253 West 28th Street, RETAIL

Now
10/10/2015
POM by Julia Hoagland
Compass
07/12/2015
TOM by Julia Hoagland
Compass

Building Details for 253 West 28th Street

OwnershipCo-op
Building TypeLoft
Service LevelVoice Intercom
AgePre-War
AccessKeyed Elevator
Year Built1920
Financing Allowed90%
Floors5
Learn More About the Building

Transit and Citi Bike

Subway

28 St
0.09 miles
23 St
0.22 miles
34 St-Penn Station
0.26 miles
23 St
0.27 miles
34 St-Penn Station
0.31 miles

Railroad

Penn StationLong Island Rail Road
0.19 miles

Citi Bike

8 Ave & W 27 St
0.1 miles
W 30 St & 8 Ave
0.12 miles

Contact Agent

Contact Agent

Chelsea | Manhattan

Quick Profile

The row houses portray the world-class architecture of Greek Revival, Italianate and Georgian styles. The population is both ethnically and socially diverse, which is reflected in the restaurants and retail businesses in the neighborhood. 

Western Chelsea is the center of the NYC art world, where you will find more than 200 art galleries housed in rehabbed factories and warehouses, as well as in newly-constructed buildings.

While people of many different cultures call Chelsea home, it has been a mecca over the years for people in the LGBTQ community. One census reported that as many as 22% of its residents were gay couples. Eighth Avenue is a trendy area for LGBTQ-oriented dining and shopping. Although it no longer draws the LGBTQ population that it once did, Chelsea still has many popular alternative bars.  

Chelsea is primarily residential, consisting of a mixture of diverse complexes, low-rise apartment blocks, tenements, townhouses, renovated row houses, and luxury high-rises. 

Chelsea is an interesting and sought-after place to live, with unique clothing boutiques, restaurants, and delis representing cultures from around the world. In addition to its quirky establishments, Chelsea has fine dining restaurants and a vibrant, hip nightlife, which adds to its allure.

Chelsea is well-served by public transportation. At least six city bus routes traverse Chelsea. There are three NYC subway routes with stops on Seventh Avenue, three on Eighth Avenue, and two more on Sixth Avenue. The 34th Street - Hudson Yards Station opened in 2015 with its main entrance in Chelsea.  

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1228157