Updated 8 years ago
Sold
111 West 17th Street
Chelsea, Manhattan | Ave of the Americas & Seventh Ave
9,320 Square FeetMixed Use
$7,500,000
floors / apts6 / 1
Lot Size20'x92'
Built Size20'x86'
ZoneC6-2A
Building TypeTownhouse
RE Taxes$53,485
Price Per SF
$805
Building Amenities
- Voice Intercom
Property Description for 111 West 17th Street
A 20’ wide, 6-story, 5 unit, walk-up commercial loft building with a residential penthouse. The property is located on the north side of West 17th Street between Sixth and Seventh Avenues on the Chelsea/Flatiron neighborhood border. Reconstructed and completely renovated in 2001, the subject property contains a total above grade square footage of approximately 9,140. The building consists of a turn-key restaurant on the ground floor and cellar with a lease until January 2016, three floor through loft-type commercial units on the 2nd, 3rd and 4th floors, and a 2-bedroom/2.5 bathroom residential duplex on floors 5 and 6. There is a beautiful 20' wooden deck off the 5th floor rear along with access to a wooden rooftop area on top of the 6th floor. The building lies within a C6-2A zoning district (R8A residential equivalent) with an FAR of 6.02. The are approximately 1,918 square feet of unused air rights. With floor-to-ceiling windows throughout and generous ceiling heights the building has tremendous light and air qualities. The ceiling heights are: 8’ in the cellar, 9’ 6” in the restaurant, 12’ 2” on the 2nd floor, and 10’ on each of floors 3 though 6. The building possesses an excellent stream of income with current market rents making it ideal for an investor and since the 3rd floor could be delivered vacant there is potential for a small User looking to occupy the space to also benefit from.
Listing History for 111 West 17th Street
Now
10/24/2012
$7,500,000
Sold and Closed by John F. Ciraulo
Cushman & Wakefield
09/06/2012
Contract Signed by John F. Ciraulo
Cushman & Wakefield
Building Details for 111 West 17th Street
OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2003
Floors/Apts6/1
Transit and Citi Bike
Subway
14 St
0.1 miles
18 St
0.14 miles
6 Av
0.16 miles
23 St
0.28 miles
23 St
0.31 miles
Citi Bike
W 18 St & 6 Ave
0.07 miles
W 15 St & 6 Ave
0.11 miles
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: 25031TH
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