1385579
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.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.
False
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
110 W 26th Street, New York, NY 10001 totals 26,027 square feet.
110 W 26th Street, New York, NY 10001 was built in 1907.
