Listed by BKREA
$7,250,000
159 West 23rd Street
Details
APN 799-11
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 8,948
Units 6
NOI $459,412
Tenancy Multi
Brand/Tenant Inked
Lease Expiration 05/01/2034
Buildings 1
Stories 5
Lot Size (SqFt) 2,452
Zoning C6-3X (R9X Equivalent)
Investment Type Stabilized
Multifamily | 7 Units
Marketing description
BKREA has been exclusively retained to arrange the sale of 159 West 23rd Street ("The Property"). Five-story mixed-use building located in Manhattan's Chelsea neighborhood. Positioned on the north side of West 23rd Street between Sixth and Seventh Avenues.
Investment highlights
- Located in a high-barrier-to-entry Manhattan submarket.
- Long-term retail income stability with 2034 lease expiration.
- Residential upside through vacant rent-stabilized units.
- Positioned within one of Manhattan's strongest and most enduring demand corridors.
- Compelling opportunity for investors seeking stable cash flow and long-term appreciation.
Listing Contacts
Listed by BKREA
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$459,412.00
$38,284.33/mo
Valuation Metrics
0
DSCR
6.34%
Cap Rate
6.34%
ROI
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