Contacts

Prestige International Realty, LLC
Licensed Associate RE Broker
Property Details
- Property Type Retail - Retail (Other)
- Property Size 8,000 SF
- Lot Size 4,800 SF
- Cap Rate % 4.61
- Rental Income / YR $516,912.00
- NOI / YR $350,548.00
- # of Floors 1
- Average Floor Size 4,800 SF
- Property Tenancy Single Tenant
- Building Class C
- Year Built 1910
- Date Updated Mar 29, 2025
Fantastic investment opportunity!
This accessible commercial coop unit on the ground floor has over 100 feet of frontage and three street entrances. The space benefits from immense 14 ft. ceilings, a vast interior, and spacious windows allowing for great natural lighting throughout the day. This floor is also fully equipped with its own kitchen and bathroom. The basement space is further expansive being approximately 4,000 ft and can be utilized as a show room that includes a small office. The entire unit (ground floor and basement) is rented by Haute Living, LLC. and is being used as its NY office and showroom. Its current double net lease is valid for 12 years which will expire in 2034, or until 2037 with the tenant's 3-year extension option. Current monthly rent is $43,076 ($516,912 / year), with 2.5% annual increase. Projected NOI: $350,548
Convenience is key to this unit. The space’s prime location on W 17th Street between seventh and eight avenues, serves as the next extraordinary commercial loft property opportunity in the lively Chelsea neighborhood. Near distinguished landmarks such as the vibrant Chelsea Market, High line, and the Hudson River park coupled with rich galleries in the area, the neighborhood offers a thriving art scene, breathtaking skyline views, and green spaces appreciated in the city. It is also within close proximity to the bus or train being 5 minutes away from the nearest station and, overall, it serves as a convenient unit near transportation and diverse neighborhood hotspots that can’t be missed.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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Tenants
Tenant Name | Suite Number | Available Area | Expiration Date |
---|---|---|---|
Haute Living | 1A | 8,000 Sq. Ft. |
Location
- City New York, NY
- Neighborhood Chelsea
- Zip Code 10011
- Market Manhattan
Points of Interest
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28th Street
0.53 miles
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Broadway & 23rd Street at Southeast Corner
0.54 miles
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Broadway & 23rd Street at Northeast Corner
0.55 miles
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Union Square
0.65 miles
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Moynihan Train Hall
0.70 miles
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No. 2 Penn Plaza Entrance
0.73 miles
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33rd Street
0.76 miles
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7th Avenue & 33rd Street at Northwest Corner
0.78 miles
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33rd St / 7th Av
0.82 miles
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34th Street & Broadway at Northwest Corner
0.86 miles
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Blink
0.15 miles
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Mobil
0.26 miles
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ChargePoint
0.30 miles
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BP
1.37 miles
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Gulf
2.51 miles
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Citgo
2.57 miles
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Sonamax
2.79 miles
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Vincent 15 Parking LLC
0.23 miles
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Icon Parking
0.37 miles
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City Parking
0.78 miles
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SP+
0.80 miles
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MPG Manhattan Parking: MP Hudson
0.85 miles
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Edison ParkFast
1.02 miles
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Red Ball Garage
1.02 miles
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Lot 9
1.05 miles
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Select Garages
1.07 miles
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Pier 40
1.08 miles
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El Cocotero
0.03 miles
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Westville Chelsea
0.06 miles
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Merchant's
0.06 miles
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Motel Morris
0.07 miles
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The Grey Dog
0.07 miles
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CAFETERIA
0.09 miles
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J's Pizza
0.09 miles
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Rangoon
0.09 miles
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Da Andrea
0.09 miles
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Socarrat Paella Bar
0.11 miles
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Barneys New York
0.10 miles
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Westside Market
0.16 miles
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Gristedes
0.23 miles
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Marshalls
0.26 miles
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TJ Maxx
0.27 miles
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Chelsea Market
0.29 miles
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Trader Joe's
0.30 miles
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Burlington
0.35 miles
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Whole Foods Market
0.35 miles
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Dainobu
0.35 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Prestige International Realty, LLC
Licensed Associate RE Broker