460 18Th St, New York, NY 10011
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.