358 23Rd St New York, NY 10011
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.
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Tequila Chito's Mexican Bar & Grill Restaurant
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Thermador Group Home Appliance Store Hardware & Home Improvement
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.
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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.