94 8th Ave

94 8th Ave, New York, NY 10011

  • For Sale $5,000,000
  • Property Type Mixed Use
  • Property Size 2,850 SF
  • Lot Size 0.03 Acre
  • # of Floors 3
  • Average Floor Size 1,424 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1901
  • Date Updated Jan 2, 2024

Property is for sale by owner. Located in Chelsea near the meatpacking district on the east side of 8th Avenue between West 15th Street and West 14th Street one block from Google Headquarters.

Property is a 2-Family with 1 store on the ground floor and 2 residential units above.

Ground floor tenant is Pay-O-Matic Check Cashing Corp, monthly rent of $15,457 with 3% annual escalations. Lease expiration is 11/13/2029 plus a 5-year option renewal.

Both upstairs residential units are leased for $5,200 a month , lease expires 06/30/2024 plus renewal option for another year.

NOI: $216,160 Annually

There is an existing mortgage on the property of $2 Million with an interest rate of 4%. It has a 30-year term and is currently with Flushing Bank. The loan is set to expire in December of 2024. However, there is an option to renew it for another 5 years at the prevailing rate, which is currently around 6.5% to 7%.

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Attachments

Highlights

  • Located in Chelsea near the meatpacking district on the east side of 8th Avenue between West 15th Street and West 14th Street, one block from Google Headquarters.

Contacts

broker

Ariel Kowalsky

Global Asset Management

Real Estate Investment Firm

(212) 682-2048

Location

Getting Around

  • Walk Score ®

    100/100 Walker's Paradise
  • Transit Score ®

    100/100 Rider's Paradise
  • Bike Score ®

    95/100 Biker's Paradise
Powered by Walk Score ®
  • City New York, NY
  • Neighborhood Chelsea
  • Zip Code 10011
  • Market Manhattan

Points of Interest

  • 14th Street

    0.03 miles

  • 8th Avenue

    0.05 miles

  • 14th Street

    0.18 miles

  • 18th Street

    0.22 miles

  • 6th Avenue

    0.31 miles

  • 14th Street

    0.32 miles

  • 23rd Street

    0.40 miles

  • 9th Street

    0.43 miles

  • Christopher Street–Sheridan Square

    0.45 miles

  • Christopher Street

    0.56 miles

  • Mobil

    0.11 miles

  • Blink

    0.30 miles

  • ChargePoint

    0.30 miles

  • ChargePoint

    0.40 miles

  • ChargePoint

    0.66 miles

  • ChargePoint

    0.74 miles

  • ChargePoint

    0.84 miles

  • ChargePoint

    0.99 miles

  • Mobil

    1.12 miles

  • ChargePoint

    1.16 miles

  • Vincent 15 Parking LLC

    0.29 miles

  • Icon Parking

    0.52 miles

  • MPG Manhattan Parking: MP Hudson

    0.90 miles

  • City Parking

    0.92 miles

  • Pier 40

    0.94 miles

  • SP+

    0.95 miles

  • Edison ParkFast

    1.01 miles

  • Herald Square Shopping Court

    1.13 miles

  • MPG Parking Javits Center

    1.13 miles

  • Red Ball Garage

    1.16 miles

  • Hotel 309

    0.06 miles

  • Chelsea Pines Inn

    0.08 miles

  • Dream Downtown

    0.17 miles

  • Maritime Hotel

    0.18 miles

  • Hotel Gansevoort

    0.20 miles

  • Soho House New York

    0.22 miles

  • Chelsea international hostel

    0.26 miles

  • The Standard

    0.33 miles

  • The GEM Hotel Chelsea

    0.34 miles

  • Colonial House

    0.35 miles

  • Xi'an Famous Foods

    0.01 miles

  • Shorty Tang Noodles

    0.01 miles

  • Dunkin'

    0.03 miles

  • Wrapido

    0.03 miles

  • Blue Ginger

    0.04 miles

  • Chelsea Ristorante Italiano

    0.04 miles

  • Hot N Juice Crawfish

    0.06 miles

  • Rocky's pizza

    0.06 miles

  • La Nacional

    0.06 miles

  • The Grey Dog

    0.07 miles

  • New York City Laboratory School of Collaborative Studies

    0.16 miles

  • New York City Museum School

    0.16 miles

  • City and Country School

    0.23 miles

  • Hebrew Center

    0.25 miles

  • Young Adults Institute

    0.27 miles

  • Winston Prepatory School

    0.27 miles

  • Winston Preparatory School

    0.28 miles

  • Metropolitan Gallery / Meeting Site

    0.29 miles

  • 13th St. Residence Hall

    0.29 miles

  • Middle School 260

    0.29 miles

  • Downing Street Playgroup

    0.70 miles

  • Samuel J. Heyman Early Childhood Center

    1.05 miles

  • Push My Swing

    1.07 miles

  • NY Kids Club

    1.09 miles

  • Alpha Bet Preschool of Murray Hill

    1.09 miles

  • 14th Street Y - Childcare

    1.15 miles

  • The Accorn School

    1.24 miles

  • Wee Ones Club

    1.30 miles

  • Bright Horizons Early Education & Preschool

    1.39 miles

  • Everbrook Academy

    1.50 miles

Frequently Asked Questions

What is the lease rate for 94 8th Ave?

Rental asking rate at 94 8th Ave is $2,500,000.00/YR.

What is the total square footage of 94 8th Ave?

94 8th Ave totals 2,850 square feet.

When was this property built?

94 8th Ave was built in 1901.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Ariel Kowalsky

Global Asset Management

Real Estate Investment Firm

(212) 682-2048