$27,000,000
Updated 11 years ago
Sold

532 West 20th Street

Chelsea, Manhattan | Tenth Ave & Eleventh Ave

Development Site

$27,000,000
floors1
Lot Size50'x92'
Built Size50'x92'
ZoneC6-2
Building TypeDevelopment Site
RE Taxes$99,197

Building Amenities

  • Elevator

Property Description for 532 West 20th Street

The site provides an exceptional luxury development located on one of the world's most prestigious gallery districts. Situated amongst "architect's row" while still within a stone's throw of the Chelsea Historic District to the east, 532 West 20th Street represents an incredible chance to create a boutique condominium in a Manhattan neighborhood that joins modern amenities and an old world charm. The site is currently improved by a 4,600 SF single-story warehouse building with 50' of frontage and an existing curb cut, providing an option for a parking amenity for the newly constructed building. The warehouse is currently being leased out for $450,000 NNN annually which will provide cash flow as buyer begins the development process. With a light and air easement to the south, a developer will benefit from protected sight lines and strong natural light. Potential views on upper floors will reach the Hudson River to the west, lower Manhattan to the south, and Midtown landmarks such as the Empire State Building to the north.

Listing History for 532 West 20th Street

Now
12/02/2014
Sold and Closed by James P. Nelson
Cushman & Wakefield
08/01/2014
$27,000,000
Initial Price by James P. Nelson
Cushman & Wakefield

Building Details for 532 West 20th Street

OwnershipDevelopment Site
Building TypeDevelopment Site
Year Built1900
Floors1
Learn More About the Building

Transit and Citi Bike

Subway

14 St
0.47 miles
23 St
0.48 miles

Citi Bike

W 19 St & 11 Ave
0.04 miles
Pier 61 at Chelsea Piers
0.07 miles

Contact Agents

Contact Agents

James Nelson
Cushman & Wakefield
Mitchell Levine
Cushman & Wakefield

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: 55533TH