New York, NY 10011,358 West 23rd Street #Ground
New York, NY 10011,358 West 23rd Street #Ground
New York, NY 10011,358 West 23rd Street #Ground
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$2,695,000
Est. payment /mo
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3 Baths
3,356 SqFt
Active

358 West 23rd Street #Ground New York, NY 10011

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Key Details

Property Type Condo

Sub Type For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 3,356 sqft

Price per Sqft $803

Subdivision Chelsea

MLS Listing ID 927120

Condo Fees $1,107

Annual Tax Amount $4,167

Property Sub-Type For Sale

Source 1

Property Description

Seize this incredibly rare opportunity to own a commercial/condo space in Chelsea, NYC. 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. Upon entering the restaurant, you're greeted by the spacious, well crafted open concept bar and the cocktail lounge area.The space gives way to the dining area decorated with a huge mirror and it's functional masterpiece, the brick gas fire place. Continue past the dining area to the 4 season 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. Not interested in a restaurant, no worries! This condo can be converted into anything your heart desires. Looking to use as an investment? Perfect! The projected income based on recent market analysis puts this gem at $22K per month, allowing your cap rate to soar to an astonishing 7.5% post expenses, very rare in this suffering market. The condo was appraised for $3.6M this year. This is a motivated seller. Don't miss out on this once in a lifetime opportunity to own a commercial/condo that will yield dividends for decades to come. Conveniently by the West Side Highway, this property location makes it the ideal place to maximize on, not only foot traffic, but car traffic. It is 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!

Location

State NY

Community Chelsea

Interior

Cooling Central AC

Exterior

Amenities Available Duplex,

Building

Story 4

Others

Pets Allowed Pets OK


REBNY(IDX)
Listed by The Corcoran Group

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agent

Anya Levitov

New York State Licensed Real Estate Broker | License ID: 10311203890

+1(646) 896-9487

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358 West 23rd Street #Ground