159 West 23rd Street

For Sale$9,500,000

159 West 23rd Street, New York, NY 10011

  • Mixed Use

159 West 23rd Street, New York, NY 10011 - Mixed Use Space

159 West 23rd Street is located at 159 West 23rd Street in the Chelsea neighborhood, NY, New York, 10011. The Mixed Use building was completed in 1920 and features a total of 8,950 Sqft.

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Details

  • Sale Price $9,500,000
  • City New York
  • Neighborhood Chelsea
  • Zip Code 10011
  • Market Manhattan
  • Property Type Mixed Use
  • Property Size 8,950 Sqft
  • Units 8
  • Lot Size 2,468 Sqft
  • Year Built 1920
  • Date Updated 22 Dec, 2020
  • Website www.triboroughmultifamily.com

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Description

Marcus & Millichap is pleased to offer 159 West 23rd Street, located between 7th Avenue and 6th Avenue in the Chelsea section of Manhattan, New York.

The subject property, 159 West 23rd Street, is a five-story mixed-use building that consists of 2 retail units and 6 apartment units. The property is built 25 feet by 98.75 feet on the first floor, 25 feet by 94.75 feet on the second floor and 25 feet by 55 feet on the third through fifth floors with approximately 8,950 gross square feet. The property is zoned C6-3X (Block: 799, Lot: 11)

This property offers investors and owner/users the rare opportunity to acquire prime mixed-use building with newly built, column-free retail space and three renovated apartments on West 23rd Street in the Chelsea section of Manhattan, New York.

FREQUENTLY ASKED QUESTIONS

What is the lease rate for 159 West 23rd Street?

Rental asking rate at 159 West 23rd Street is $9,500,000 per square foot.

What is the total square footage of 159 West 23rd Street?

159 West 23rd Street totals 8,950 square feet.

When was this property built?

159 West 23rd Street was built in 1920.

Chelsea Demographics

The average household income in zip code 10011 is $207,287, from a total of 29,128 households. In terms of employment, there are 97.26 % white-collar and 2.74 % blue-collar jobs in zip code 10011.

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

Commercial Brokers Register now to add listings

Matt Fotis

Marcus and Millichap

(212) 430-5206

Colton Traynham

Marcus and Millichap

(646) 805-1433