146, 148 & 150 Tenth Avenue, New York, NY 10011

Chelsea, New York, New York 10011

Listing ID Number

25386

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 146, 148 and 150 Tenth Avenue. The offering consists of three contiguous buildings on the corner of West 19th Street and Tenth Avenue, with 5,355 SF of vacant corner retail space and an 10,000 SF (approx.) of air rights that could be used for additional development. The properties contain 48 residential units, of which 8 are rent stabilized and 1 is rent controlled. With a majority of the property being delivered vacant, there is tremendous upside potential in a market that currently achieves residential rental pricing north of $90/SF. Facing the High Line from across Tenth Avenue and surrounded by over 1,000,000 SF of planned luxury developments, this property is ideal for an investor seeking a rare West Chelsea corner location, positioned to capitalize on the continued success of the neighborhood.

Overview

Building Type:Apartment Buildings

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

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

Rachel Aschendorf
Associate
2125895174
Rachel.Aschendorf@cushwake.com


Property Images

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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.