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Multi-Tenant Retail Condominium
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131 8th Ave, New York, NY 10011

Multi-tenant retail condominium on a ground lease with major tenants and 218 feet of frontage.

Property SizeContact for details
Days on Market124

Property Features for 131 8th Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: Cushman & Wakefield New York
Listed By: Michael Gembecki · License #NY 10401227340
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 1:35AM

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 Cushman & Wakefield New York

Investment Insights

Based on property information with market context.

Offered by Cushman & Wakefield exclusively for ownership, this retail condominium is sold on a ground lease. Constructed in 2008 and designed by SLCE Architects, the property is configured as a multi-tenant retail condo and features Bank of America and Walgreens. The offering presents approximately 20,415 SF total, including approximately 11,110 SF above grade, with approximately 218 feet of frontage.

The property is located at the northwest corner of 8th Avenue and West 16th Street in Chelsea. It sits across the street from Google and is adjacent to the 14th Street Subway Station.

Key Highlights

  • Multi‑tenant retail condominium on a ground lease at 131 8th Avenue (aka 305 West 16th Street).
  • Constructed in 2008 and designed by SLCE Architects.
  • Total approximately 20,415 SF, including approximately 11,110 SF above grade.

Property Analytics

Current Use

Philips Crystalize (Bike/Boat/Book/etc) Store Maisto Arthur L ... Physician Solanki Rahul MD Physician Bisaillon LLC Hardware & Home Improvement

Suggested Use

Top Pick Pet Grooming Service Nursing Home Adult Day Care Clothing & Fashion Store (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

28,544
Businesses Nearby

Demographics for 10011, NY

53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Multi-tenant retail condominium on a ground lease with major tenants and 218 feet of frontage.
Where is this retail space located?
The property is located at 131 8th Ave New York, NY.
What are key features of this property?
This property features: Multi‑tenant retail condominium on a ground lease at 131 8th Avenue (aka 305 West 16th Street).; Constructed in 2008 and designed by SLCE Architects.; Total approximately 20,415 SF, including approximately 11,110 SF above grade.
(212) 660-7743 Call to check price and availability
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