$15,000,000
Updated 4 years ago
Off Market

725 Sixth Ave

Chelsea, Manhattan | West 23rd Street & West 24th Street

6,272 Square FeetIncome Property

$15,000,000
floors / apts4 / 6
ZoneC6-4X
Building TypeLow-Rise
RE Taxes$138,000
Price Per SF
$2,392

Outdoor space and views

  • Empire State Bldg

Building Amenities

  • Voice Intercom

Property Description for 725 Sixth Ave

Introducing 725 Sixth Avenue - An incredible and rare opportunity to purchase a building in one of the most desirable locations in Chelsea! The building is positioned in the heart of the neighborhood with 25 linear feet of prime frontage on the heavily trafficked Sixth Avenue "big box" retail shopping corridor.

4 Stories 6,272 SF above grade 1,800 SF below grade 10,500 SF air rights massive ceiling heights

Centrally located to Madison Square Garden, Chelsea Piers, the Empire State Building, as well as the Chelsea, Murray Hill, Flatiron and Union Square shopping, dining and entertainment districts.

Current monthly payments are as follows (current income total of $47,000 and $64,000 Pre-Covid):

1st Floor
- Video store $27,000
- Locksmith $4,500

2nd Floor
- Vacant (1,800 SF open space loft)

3rd Floor
- First apartment (approx. 900 SF) $ 4,700
- Second apartment (approx. 900 SF) $3,800

4th Floor
- First office $3,500
- Second office $3,500

All leases are free market and the building can be delivered vacant upon request.

Contact us for a private showing!

Listing History for 725 Sixth Ave

Now
06/08/2022
POM by Yair Tavivian
Douglas Elliman
2022

Building Details for 725 Sixth Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

23 St
0.04 miles
23 St
0.16 miles
23 St
0.23 miles
28 St
0.25 miles
28 St
0.27 miles

Citi Bike

W 25 St & 6 Ave
0.07 miles
W 21 St & 6 Ave
0.14 miles

Contact Agents

Contact Agents

Yair Tavivian
Douglas Elliman
Ariel Tavivian
Douglas Elliman

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: 81089TH