Cushman & Wakefield Retained Exclusively to Sell Mixed-Use Building in Chelsea
Cushman & Wakefield has been retained on an exclusive basis to sell a mixed-use building at 213 Seventh Avenue. The property is located between West 22nd and West 23rd Streets in Manhattan’s Chelsea neighborhood. The asking price is $7,200,000.
The five-story building contains approximately 4,687 square feet and sits on a 17’ x 60’ lot, with retail on the ground floor, community facility use on the second floor, and five residential units above. The ground floor retail is currently occupied, with one year remaining on the lease and one five-year option. The building benefits from a tremendous amount of foot traffic on Seventh Avenue and the entire property was recently renovated, making this an ideal opportunity for an investor to purchase a turn-key asset.
“Rarely does an avenue property with a retail tenant in place providing income and strong subway stop foot traffic come to market in Chelsea,” said Cushman & Wakefield’s Brock Emmetsberger, who is exclusively marketing this property with Billy Simons.