110 W 26th Street, New York, NY 10001

For Sale$21,000,000

110 West 26th Street, NEW YORK, New York, 10001, NEW YORK, NY 10001

  • Other

110 W 26th Street, New York, NY 10001, NEW YORK, NY 10001 - Other Space

110 W 26th Street, New York, NY 10001 is located at 110 West 26th Street, NEW YORK, New York, 10001 in the Chelsea neighborhood, NY, NEW YORK, 10001. The Class D5 Other building was completed in 1907 and features a total of 26,027 Sqft.

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Details

  • Price $21,000,000
  • City NEW YORK
  • Neighborhood Chelsea
  • Zip Code 10001
  • Market Manhattan
  • Property Type Other
  • Property Size 26,027 Sqft
  • Lot Size 0.09 Acre
  • Building Class D5
  • Year Built 1907
  • Date Updated 18 Jan, 2021

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Description

In its current state, the buildings tenancy allows purchasers the potential to reposition a majority of the property. The ground floor is currently occupied as retail use, in which Space A and Space B are both leased until July 2021. The remainder of the property, floors 2-7, are fully occupied by residential units, which are configured as large loft style apartments with floor plates spanning approximately 4,050 square feet. Of the total 12 residential units, the 2 on floor 7 are IMD tenants paying approximately $369. Since the property lies within M1-6 zone, the opportunity allows for floors 2-6 to be converted into office use to ultimately maximize the net operating income by nearly double when achieving office leasing market rates. Given the property’s unique location, in New York’s most in-demand office submarket, this allows for an ideal office conversion opportunity.

110 West 26th Street is uniquely located on the border of Chelsea and NoMad just off the corner of Sixth avenue. Both neighborhoods have experienced an unprecedented level of development and economic activity over the past decade, which has made West 26th Street one of the most desirable boutique office style enclaves in New York City. The property’s location between 7th and 6th avenues differentiates from many of the existing office development's and conversions given the immediate accessibility and enhanced transportation options for lines 1, R, W, C, & E.

The insatiable demand for

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 110 W 26th Street, New York, NY 10001?

110 W 26th Street, New York, NY 10001 totals 26,027 square feet.

When was this property built?

110 W 26th Street, New York, NY 10001 was built in 1907.

Chelsea Demographics

The average household income in zip code 10001 is $151,628, from a total of 12,431 households. In terms of employment, there are 95.51 % white-collar and 4.49 % blue-collar jobs in zip code 10001.

Population

  • Total Population47,886
  • Male Population(51.4 %) 24,594
  • Female Population(48.6 %) 23,292
  • Median Age36.70

Income/Financial

  • Average Household Income$169,040
  • Median Household Income$108,570
  • Median Income Under 25$61,931
  • Median Income 25-44$147,630
  • Median Income 45-64$100,146
  • Median Income Over 65$52,408

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Michael Gembecki

Cushman & Wakefield

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Maurice Suede

Cushman & Wakefield

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Alessandra Faglione

Cushman & Wakefield

(212) 660-7722

Austin Fabel

Cushman & Wakefield

(212) 660-7727

Daniel Soyak

Cushman & Wakefield

(212) 698-5552