$6,950,000
Updated 3 years ago
Off Market

98 Eighth Ave

Chelsea, Manhattan | West 14th Street & West 15th Street

3,477 Square FeetMixed Use

$6,950,000
floors / apts3 / 4
Lot Size19'x63'5"
Built Size19'x61'
ZoneC1-6A
Building TypeLow-Rise
RE Taxes$45,678
Price Per SF
$1,999

Building Amenities

  • Voice Intercom
  • Outdoor Parking

Property Description for 98 Eighth Ave

Cushman & Wakefield has been exclusively retained to offer the opportunity to acquire 98 8th Avenue between 14th and 15th street in the heart of Chelsea. Located across the street from the Google building, this three-story mixed-use asset stands approximately 3,477 square feet and is comprised of a fully finished, vented restaurant with four (4) free market studio apartments on floors 2-3. Current ownership has recently implemented a capital expenditure program making significant improvements to both the residential and retail units. This turnkey opportunity is perfectly suited for users and long-term investors alike, presenting the rare opportunity to capitalize on one of the fastest growing neighborhoods in the city. 98 8th Avenue’s handpicked location is bound by Chelsea to the North, Meatpacking/West Village to the South, and Union Square to the East. It is also surrounded by New York City’s most prominent tech, media and creative firms such as Google, Twitter, Apple, Samsung, IAC, Yext and Telsa. The neighborhood is also bolstered by significant public infrastructure investment and many of NYC’s most well-known restaurants and hotels including Tao, Catch, Buddakan, The Dream Downtown, Standard, and The Gansevoort Hotel. Recently completed and current capital investment will deliver continued desirability and future upside to the submarket. Proximity to transformative projects including Pier 55 (Little Island) & 57 (Hudson River Park), Chelsea Market

Listing History for 98 Eighth Ave

Now
09/29/2023
POM by John F. Ciraulo
Cushman & Wakefield
2023

Building Details for 98 Eighth Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1915
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

8 Av
0.05 miles
14 St
0.05 miles
14 St
0.19 miles
18 St
0.22 miles
6 Av
0.33 miles

Citi Bike

8 Ave & W 16 St
0.05 miles
Greenwich Ave & 8 Ave
0.09 miles

Contact Agents

Contact Agents

John Ciraulo
Cushman & Wakefield
Craig Waggner
Cushman & Wakefield
Michael Gembecki
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: 54067TH