Property Description for 46 West 21st Street
The property is a 25’ wide, 5-story loft building located in the heart of the Flatiron/Chelsea neighborhoods. With approximately 8,950 square feet, the building consists of two retail stores on the ground floor, a commercial office unit and apartment on the 2nd floor and floor-through apartments on the 3rd through 5th floors. The building has approximately 14,050 square feet of unused air rights, however any future development would be subject to landmarks approval. The building can be delivered vacant, making it ideal for a value-add investor who could renovate the units to higher-end luxury apartments or an end-user for a multitude of potential residential or commercial uses.