Avison Young is pleased to offer for sale two occupied retail condos with a community facility space, totaling 7,738± retail square feet across the ground level and basement at 155 West 18th Street also known as The Flynn, (the “Property”). The retail units are situated at the base of a newly constructed 30-unit, high-end condominium on 18th Street between Sixth and Seventh avenues, located in the heart of Chelsea. The two retail units are currently occupied with leases that expire in 2027 and 2029 respectively, providing investors with steady long-term cash flow.
Chelsea has seen an explosion of development in recent years enhanced by the completion of the High Line in 2006, which caused property values to increase dramatically. Today it is the desired home for numerous high-end galleries and serves as the current headquarters for major companies including Palantir, WeWork and Google.