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    277 22Nd St New York, NY 10011

    Sponsored
    For Lease
    $74 SF/Yr ($14,491 /Mo)

    2,350 SF Restaurant/Retail Opportunity

    Lot size:
    2,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,350-square-foot retail space, located at 277 West 22nd Street in prime Chelsea, Manhattan, presents a unique investment opportunity. The property boasts a stunning, newly installed all-glass storefront offering exceptional visibility and frontage on a highly trafficked block, just off bustling 8th Avenue. Its spacious, wide-open layout is ideal for a variety of uses, including restaurants, coffee shops, tech companies, or other retail businesses. The space features a significant advantage with a 950-square-foot basement included, adding considerable versatility and storage capacity. The asking price of $74 per square foot represents an incredible value in this coveted location. Its convenient proximity to subway lines ensures easy accessibility for both employees and customers. The property's flexible design allows for ventilation modifications to accommodate various retail concepts, including restaurants. This is a rare chance to secure a high-impact retail space in a thriving Chelsea neighborhood with excellent exposure and a low price per square foot. The single-tenant occupancy provides a straightforward and manageable investment. This property is situated in New York County.

    Property Features for 277 22Nd St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,350 SF
    Total Rate
    14491.67

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,350 SF
    Rate per SF
    $74

    HighLights

    • 2,350 SF retail space in a single‑tenant building.
    • Located in prime Chelsea, Manhattan (New York County).
    • $74/SF asking rent.
    • Features a brand‑new all‑glass storefront and a 950 SF basement.
    • Excellent visibility and frontage on a high‑traffic block, near 8th Avenue and 23rd Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ernest & Sons Roofers ... Roofing Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery 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
    -73.998365
    Latitude
    40.7446422

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    FAQs

    What type of property is this?
    Restaurant - 2,350 SF Restaurant/Retail Opportunity
    Where is this restaurant located?
    The property is located at 277 22Nd St New York, NY.
    What is the lease rate?
    The lease rate is $74 SF/Yr.
    What are key features of this property?
    This property features: 2,350 SF retail space in a single-tenant building.; Located in prime Chelsea, Manhattan (New York County).; $74/SF asking rent.
    Request Owner's contact information
    277 22Nd 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
    277 22Nd St New York, NY 10011
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