155 WEST 18 STREET

For Sale - Manhattan - Chelsea

$12,500,000

Net Operating Income: Contact Agent

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Key Details

Property Type
Retail Condo
Neighborhood
Chelsea
Property Dimensions
86.0 x 90.0
Property Area
7,738 sq.ft.
Total Units:
2
Stories:
1
NOI
Contact Agent
Price
$12,500,000

Listing Description

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.

Property Details

Block/Lot:
794/11
Lot Dimensions
115.0 x 91.0
Lot Area
10,053 sq.ft
Zoning:
C6-2A
FAR as Built:
0.7
Max FAR:
6.5
Willis FriesAvison Young
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Sales & Transactions

AddressSale PriceSale DateProperty Type
525 WEST 24TH STREET$14,062,50003/02/2018Retail Condo
525 WEST 24TH STREET$14,062,50003/02/2018Retail Condo
521 WEST 23RD STREET$5,100,00012/02/2016Retail Condo
125 WEST 21ST STREET$12,250,00009/15/2016Retail Condo
555 WEST 21ST STREET$8,344,00005/26/2016Retail Condo
543 WEST 25TH STREET$4,500,00011/24/2015Retail Condo
500 WEST 30TH STREET-09/18/2015Retail Condo
529 WEST 29TH STREET$10,600,00008/25/2015Retail Condo
137 WEST 25TH STREET$2,550,00005/14/2015Retail Condo
405 WEST 23RD STREET$1,285,00005/05/2015Retail Condo