Mixed-Use Medical Office
114 W 17TH ST New York, NY 10011
114 W 17TH ST, New York, NY, 10011
Contact for pricing
For Sale
Contact for pricing
For-sale mixed-use property that includes medical office space.
Property Size24,740 SF
Price / SF$739.69
Days on Market33
Property Features for 114 W 17TH ST
General Information
- Standard status
- Active
- Size
- 24,740 SF
- Property subtype
- Mixed Use
Listing agency
Marcus & Millichap - Manhattan
(212) 430-5234
Listed by
Matthew Fotis · License #10301207136
Source
Crexi
Added: Jun 19 Updated: Jul 20 at 5:36PM Checked: Jul 20 at 5:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
114 West 17th Street is a for-sale mixed-use property that includes medical office space. The offering is listed under commercial real estate categories including office spaces and other mixed-use properties, supporting a flexible, mixed-use tenant profile centered on medical office use.
The building is located in the Chelsea neighborhood of Manhattan, New York, positioned between 6th Avenue and 7th Avenue. This mid-block location places it within a dense urban retail and office corridor serving surrounding neighborhoods.
The building is located in the Chelsea neighborhood of Manhattan, New York, positioned between 6th Avenue and 7th Avenue. This mid-block location places it within a dense urban retail and office corridor serving surrounding neighborhoods.
Key Highlights
- Mixed‑use property for sale with medical office space
- Located at 114 West 17th Street between 6th Avenue and 7th Avenue in Manhattan’s Chelsea neighborhood
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.48M | $60.00 |
| − Vacancy | −$222.7k | −$9.00 |
| EGI | $1.26M | $51.00 |
| − OpEx | −$473.2k | −$19.13 |
| NOI | $788.6k | $31.88 |
24,740 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$11.27M
$9.86M – $13.14M
NOI $788,588 @ 7.0% cap · market cap 4.31%
Second Best
Office B
$11.07M
$9.68M – $12.91M
NOI $774,676 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$61.58M
$53.88M – $71.84M
NOI $4,310,698 @ 7.0% cap · market cap 23.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shield Institute
High School
Pure Vision Arts
Theater & Performing Art Venue
Dr. Victor Gaur
Pediatrician
Persona Films Inc
Film Production
Melody Martin
Pediatrician
Similar For Sale Nearby
Similar Off Market Nearby
- St. Marks Veterinary Hospital — 348 E 9th St Ste B, New York, NY 10003
- East Village Veterinarian — 9 st marks pl, new york, ny 10003
- Pure Paws Veterinary Care of Hudson Square — 350 Hudson St, New York, NY 10014
- Bond Vet - NoHo — 688 Broadway, Manhattan, NY 10012
- Animal Health Systems Inc — 26 Carmine St, New York, NY 10014
FAQs
What type of property is this?
Medical Office Space - For-sale mixed-use property that includes medical office space.
Where is this medical office space located?
The property is located at 114 W 17TH ST New York, NY.
What is the asking price?
The asking price for this property is $18,300,000.
What are key features of this property?
This property features: Mixed‑use property for sale with medical office space; Located at 114 West 17th Street between 6th Avenue and 7th Avenue in Manhattan’s Chelsea neighborhood
