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    297 7Th Ave New York, NY 10001

    Sponsored
    For Lease
    $85 SF/Yr

    Prime Manhattan location, 850 sq ft floors.

    Lot size:
    4,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Chelsea property at 297 7th Avenue offers three contiguous floors, each spanning 850 square feet, totaling 2,550 square feet of versatile space. Located in a prime Manhattan location, this building is ideal for a variety of uses, including traditional office, coworking, medical office, or creative office spaces. The building itself is a four-story, Class B structure, originally built in 1920 and extensively renovated in 2024. The property features a single building with no elevators. The minimum divisible space is 850 square feet, with three 850 sq ft spaces currently available. The total building square footage is 4,800 square feet. This property is situated in New York County, New York, and offers high visibility and accessibility within a bustling urban environment. The flexible floor plans allow for customization to suit diverse business needs. The asking price starts at $6,000 per floor, with terms negotiable. This presents a unique opportunity to establish a presence in one of Manhattan's most desirable neighborhoods. The property is categorized as Retail, Office, and Special Purpose, suitable for multiple tenants.

    Property Features for 297 7Th Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,800 SF
    Class
    B
    Total Rate
    34000

    Building Details

    Year Built/Renovated
    1920/2024
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Available Space 2nd, 3rd, 4th Floors
    Size
    850 SF
    Rate per SF
    $113
    Space
    Available Space 2nd, 3rd, 4th Floors
    Size
    850 SF
    Rate per SF
    $85
    Space
    Available Space 2nd, 3rd, 4th Floors
    Size
    850 SF
    Rate per SF
    $113

    HighLights

    • Mixed‑use property available for lease in Chelsea.
    • 4,800 square foot building on a 0.05‑acre lot.
    • M1‑6 zoning.
    • Additional rent: $6,000+.
    • Four‑story building with approximately 850 square feet per floor.
    • Multi‑tenant occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    FABE Suites 7th ... Hotel Git Hotel Chelsea Hotel Metro Cafe Cafe Click Locksmith Locksmith

    Suggested Use

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

    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
    -73.9936389
    Latitude
    40.7463258

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    FAQs

    What type of property is this?
    Office space - Prime Manhattan location, 850 sq ft floors.
    Where is this office space located?
    The property is located at 297 7Th Ave New York, NY.
    What is the lease rate?
    The lease rate is $85-$113 SF/Yr.
    What are key features of this property?
    This property features: Mixed-use property available for lease in Chelsea.; 4,800 square foot building on a 0.05-acre lot.; M1-6 zoning.
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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
    297 7Th Ave New York, NY 10001
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