Italianate Mixed-Use Elevator
336 West 23rd Street Manhattan, NY 10011
For Sale
$22,500,000
Redeveloped elevator townhouse built in 1855 featuring residential terraces and a retail triplex with private garden.
Property Size12,049 SF
Price / SF$1,867
Days on Market291
Property Features for 336 West 23rd Street
General Information
- Standard status
- Active
- Size
- 12,049 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1910
Listing Agency:
Douglas Elliman Real Estate
(212) 891-7167
Listed By:
John Gasdaska · License #30GA0898127
(212) 891-7167
Source:
Compass
Added: Oct 7, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:18PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Located at 336 West 23rd Street in Chelsea, this Italianate-style mixed-use elevator townhouse was originally built in 1855 and is offered vacant. The building is approximately 25 feet wide and spans eight levels with an elevator, and has been redeveloped to include generous living space and an immersive retail component.
The residential portion is described as two grand duplex residences and a penthouse guest suite, each with private terraces and soaring ceilings. The commercial component is described as a retail triplex with a private garden, restored marble fireplaces, chandeliers, and dedicated elevator access. The property is also noted as having upgraded mechanicals and direct metering for asset management.
With dedicated vertical circulation and separate residential and retail programing, the layout is presented as flexible for live/work or a combined investment configuration, while maintaining street-level presence for the retail portion.
The residential portion is described as two grand duplex residences and a penthouse guest suite, each with private terraces and soaring ceilings. The commercial component is described as a retail triplex with a private garden, restored marble fireplaces, chandeliers, and dedicated elevator access. The property is also noted as having upgraded mechanicals and direct metering for asset management.
With dedicated vertical circulation and separate residential and retail programing, the layout is presented as flexible for live/work or a combined investment configuration, while maintaining street-level presence for the retail portion.
Key Highlights
- Redeveloped Italianate‑style, mixed‑use elevator townhouse on a 25‑foot‑wide site
- Approximately 16,000 SF across eight levels, with direct elevator access and 2 total elevators
- Residential layout includes two duplex residences and a penthouse guest suite, each with private terraces
Financial Insights For Retail
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 | $2.84M | $235.68 |
| − Vacancy | −$417.4k | −$34.64 |
| EGI | $2.42M | $201.04 |
| − OpEx | −$726.7k | −$60.31 |
| NOI | $1.70M | $140.72 |
12,049 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$24.22M
$21.19M – $28.26M
NOI $1,695,590 @ 7.0% cap · market cap 7.54%
Second Best
Mixed Use
$5.49M
$4.80M – $6.40M
NOI $384,062 @ 7.0% cap · market cap 1.71%
Theoretical Best
Specialty Retail
$29.99M
$26.24M – $34.99M
NOI $2,099,418 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
McDonald's
Restaurant
Tyler Colton Hair ...
Hair Salon
skykxm
Skydiving Center
Actors Federal Credit ...
Atm
FAQs
What type of property is this?
Live-work space - Redeveloped elevator townhouse built in 1855 featuring residential terraces and a retail triplex with private garden.
Where is this live-work space located?
The property is located at 336 West 23rd Street Manhattan, NY.
What is the asking price?
The asking price for this property is $22,500,000.
What are key features of this property?
This property features: Redeveloped Italianate‑style, mixed‑use elevator townhouse on a 25‑foot‑wide site; Approximately 16,000 SF across eight levels, with direct elevator access and 2 total elevators; Residential layout includes two duplex residences and a penthouse guest suite, each with private terraces
