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    358 23Rd St New York, NY 10011

    Sponsored
    For Sale
    $2,195,000

    Prime Chelsea location, 3,300 sq ft, restaurant-ready.

    Property size:
    3,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,300 square foot commercial property, located at 358 West 23rd Street in Manhattan, New York (zip code 10011), presents a unique investment opportunity. Currently configured as a beautifully renovated restaurant, this versatile space is suitable for a variety of commercial uses, including restaurant, warehouse, or office. The property sits on a 99 square foot lot and features a ceiling height of unspecified dimensions. Its prime location in Chelsea offers significant foot and car traffic, benefiting from proximity to the West Side Highway and the High Line. Nearby attractions include The Chelsea Hotel, The High Line, Gotham Comedy Club, Flatiron Building, The Standard Hotel, The Vessel, Rubin Museum, and numerous art galleries. The existing restaurant setup can be maintained or removed entirely, providing flexibility for the new owner. This is an excellent opportunity for business owners seeking a premium space in a vibrant area or for investors looking for a strong return. The asking price is $2,195,000. The property consists of one unit.

    Property Features for 358 23Rd St

    General Information

    Property type
    Restaurants
    Square Feet
    3,300 SF

    Building Details

    Units
    1

    HighLights

    • $2,195,000 asking price.
    • 3,300 square foot building.
    • Located at 358 West 23rd Street, Manhattan, NY 10011.
    • Property type: Retail, Industrial, Office; Subtype: Commercial, Restaurant, Warehouse.
    • One unit on a 99 sq ft lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tequila Chito's Mexican ... Mexican Restaurant Thermador Group Appliance Store

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon 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 (Manhattan)
    State
    New York
    Longitude
    -74.000883
    Latitude
    40.7460612

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    FAQs

    What type of property is this?
    Restaurant - Prime Chelsea location, 3,300 sq ft, restaurant-ready.
    Where is this restaurant located?
    The property is located at 358 23Rd St New York, NY.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: $2,195,000 asking price.; 3,300 square foot building.; Located at 358 West 23rd Street, Manhattan, NY 10011.
    Request Owner's contact information
    358 23Rd 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
    358 23Rd St New York, NY 10011
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