358 West 23rd Street, Unit RETL

358 West 23rd Street, Unit RETL

358 W 23rd St
Chelsea

$2,495,000
Price
Studio
Beds
1
Bath
2
1/2 Baths
3,900 Sq. Ft.
$640 / Sq. Ft.
3,900
Sq. Ft.
$640
per Sq. Ft.

Virtual Tour

Virtual Tour

Description

Motivated Seller - GROUND LEVEL with BASEMENT Commercial/condo Ground space for sale in Chelsea, NYC. Not the entire building, just the commercial space is for sale. Due to its prime location, the restaurant has made cameos in several TV shows and movies. The unit is currently a fully operational restaurant complete with garden/event space in the back, fully functional and up to code kitchen, immaculate basement with a personal office, full bathroom, employee changing area, cellar, massive cooler,...Motivated Seller - GROUND LEVEL with BASEMENT Commercial/condo Ground space for sale in Chelsea, NYC. Not the entire building, just the commercial space is for sale. Due to its prime location, the restaurant has made cameos in several TV shows and movies. The unit is currently a fully operational restaurant complete with garden/event space in the back, fully functional and up to code kitchen, immaculate basement with a personal office, full bathroom, employee changing area, cellar, massive cooler, and delivery shoot. Restaurant is a spacious, well crafted open concept bar and cocktail lounge. The space gives way to the dining area decorated with a huge mirror and it's functional dramatic brick gas fireplace. Continue past the dining area to the glass enclosed garden dining/event space in the back, excellent for meetings, events, and parties. The industrial kitchen is fully equipped and up to code. The basement has 3 egresses. The projected income based on recent market analysis puts this gem at $25K per month, allowing your cap rate to soar to an astonishing 7.5% post expenses, very rare in this market. Conveniently located by the West Side Highway and the High Line, this property location makes it the ideal place to maximize on, not only foot traffic, but car traffic. Surrounded by tourist hot spots like The Chelsea Hotel, The High Line, Gotham Comedy Club, Flatiron Building, The Standard Hotel, The Vessel, Rubin Museum, as well as 15 of the most reputable art galleries in the United States! Why rent when you can acquire a great commercial opportunity.

Property Details for 358 West 23rd Street, Unit RETL

Zoning
C1-6A
View
Other

Location

Listing Courtesy of Corcoran Group
Add your commute
LISTING UPDATED: 06/10/2024 04:48 PM

Property Details for 358 West 23rd Street, Unit RETL

StatusActive
MLS IDRPLU-33423016693
Days on Market25
Taxes$4,891 / month
Common Charges$1,240 / month
Min. Down Pymt10%
Total Rooms7.5
Compass TypeCondo
MLS TypeCondo
Year Built1910
CountyNew York County

Building

358 W 23rd St

6 Units1 StoriesBuilt in 1910

Location

Listing Courtesy of Corcoran Group
Add your commute

Virtual Tour

Building Information for 358 West 23rd Street, Unit RETL

Building/Complex358 W 23rd StFloor-Stories1Residences6Pet Policy-Year Built1910Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$21,449 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,318

Property Taxes

$4,891

Maintenance/Common Charges

$1,240

The Payment Calculator is for illustrative purposes only.

Property Information for 358 West 23rd Street, Unit RETL

Summary
Location and General Information
  • Subdivision Name: Chelsea
  • Stories Total: 3
  • Garage Spaces: 0.0
  • View: Yes
Taxes and HOA
  • Tax Lot: 0002
  • Tax Deduction Percent: .00%
  • Tax Block: 00746
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 7501
  • Tax Monthly Amount: 4891.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Virtual Tour
Property
Lot Information
  • Living Area: 3900.0
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingNo
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: Condominium
  • Number Of Shares: 0
  • New Construction: No
  • Structure Type: WalkUp
  • Property Condition: Excellent
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: None
  • Patio And Porch Features: None
Interior Features
  • Cooling: CentralAir
  • Entry Level: 1
  • Fireplace Features: Electric
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Floor Number: 1
  • Basement: No
  • Cooling: Yes
  • ElevatorsTotal: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Attendance Type: None
  • Land Lease: No

Property History for 358 West 23rd Street, Unit RETL

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 358 West 23rd Street, Unit RETL

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
P.S. 11 William T Harris
Public - PK to 5
Middle 297
Public - 6 to 8
Lower Manhattan Community Middle School
Public - 6 to 8
Nyc Lab Ms For Collaborative Studies
Public - 6 to 8
Rating
School
Distance
P.S. 11 William T Harris
PublicPK to 5

Middle 297
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Chelsea

Neighborhoods

Cities

ZIPs

More information about 358 West 23rd Street, Unit RETL, Chelsea

358 West 23rd Street, Unit RETL is a condo for sale in Chelsea. This property was listed for sale on May 16, 2024 by Corcoran Group, it's currently listed at $2,495,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 11 William T Harris, Middle 297 and Lower Manhattan Community Middle School. 358 West 23rd Street, Unit RETL is a 0-bed, 2-bath, 3,900 sqft condo built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Group

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.