151 8th Avenue, New York, NY 10011

Chelsea, New York, New York 10011

$19,500,000  

Listing ID Number

25032

Property Description

151-153 Eighth Avenue is a five-story, mixed-use, apartment building that contains 16 residential units, two retail units, and one additional cell tower. Of the 16 apartments, ten are free market, five are rent stabilized, and one is rent
controlled. Overall, the rents average approx. $50/SF. The two retail spaces average $124/SF (approx.). In 2016 the building’s roof was redone, the parapet walls
were rebuilt, and the skylights were all updated. Furthermore, the property benefits from a boiler that was updated in 2006. This is an excellent opportunity for an investor looking to purchase a mixed-use asset in a prime Chelsea location.

Overview

Building Type:Apartment Buildings, Mixed-Use Investment Buildings
Location:Chelsea

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Brock Emmetsberger
Senior Managing Director
(212) 660 7776
brock.e@cushwake.com

Billy Simons
Director
(212) 660 7794
billy.simons@cushwake.com


Property Images

Click the image for a high resolution version.

<     /     >

Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.