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    460 18Th St New York, NY 10011

    Sponsored
    For Lease
    $80 SF/Yr

    Prime Chelsea location, 8,000 sq ft.

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,000-square-foot space in prime Chelsea offers a unique opportunity for a variety of creative businesses. Previously occupied by a media company, this single-tenant property boasts a stunning gallery layout with a 21-foot cathedral ceiling, creating an impressive and versatile environment. The space includes three bathrooms and a fully functional HVAC system, ensuring comfort and functionality for occupants and guests. The property is ideally suited for galleries, nightclubs, fashion showrooms, media companies, financial firms, tech startups, artist studios, or other creative professionals seeking a prestigious location. The flexible layout allows for customization to meet specific business needs. A 5-to-10-year lease is available, providing long-term stability for the tenant. The asking rent is $54,000 per month. The property is classified as Retail, Industrial, and Special Purpose, encompassing gallery, nightclub, restaurant, and retail uses. Located in New York County, this property presents a rare opportunity to establish a presence in one of Manhattan's most vibrant and sought-after neighborhoods. Please note that live-work arrangements and short-term leases are not permitted.

    Property Features for 460 18Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF

    Unit(s) available at that property

    Space
    Size
    8,000 SF
    Rate per SF
    $80

    HighLights

    • Retail, Industrial, or Special Purpose property in prime Chelsea.
    • Single‑tenant occupancy.
    • 8,000 square feet.
    • 21‑foot cathedral ceilings.
    • Three bathrooms and HVAC.
    • Suitable for gallery, nightclub, or other creative professional use (no live/work or short‑term rentals).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -74.0060512
    Latitude
    40.7442972

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    FAQs

    What type of property is this?
    Restaurant - Prime Chelsea location, 8,000 sq ft.
    Where is this restaurant located?
    The property is located at 460 18Th St New York, NY.
    What is the lease rate?
    The lease rate is $80 SF/Yr.
    What are key features of this property?
    This property features: Retail, Industrial, or Special Purpose property in prime Chelsea.; Single-tenant occupancy.; 8,000 square feet.
    Request Owner's contact information
    460 18Th St 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
    460 18Th St New York, NY 10011
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