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    OFF-MARKET
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    460 18Th St, New York, NY 10011

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    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.

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    Property type Specialty properties
    Cap rate & NOI
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    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Allowed · conditional · prohibited
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