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    157 W 24Th St New York, NY 10011

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    For Sale
    $7,500,000

    Development site with approved plans for 23 residential condos.

    Lot size:
    0.05 Acres

    Property Features for 157 W 24Th St

    General Information

    Lot size
    0.05 Acres
    Source: Moodyscre

    Listing Agent: Alex Woodlief

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Flatiron/Chelsea Development Site For Sale

    This property is a prime mixed-use development site located on the border of Flatiron and Chelsea in Midtown South. The site has BSA variance approval for residential use. It features DOB-approved plans for the construction of 23 residential condominiums. This shovel-ready development project is now available for sale.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9945325
    Latitude
    40.7445992

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    FAQs

    What type of property is this?
    Land - Development site with approved plans for 23 residential condos.
    Where is this land located?
    The property is located at 157 W 24Th St New York, NY.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: - Shovel-Ready Development Project; - DOB Approved Plans for 23 Residential Condos; - BSA Variance Approved Residential
    (646) 933-2677
    Request Owner's contact information
    157 W 24Th St New York, NY 10011
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    New York, NY 10011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    157 W 24Th St New York, NY 10011
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