436 18Th StNew York, NY 10011

Property Details for 436 18Th St

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

6,100 SF

Zone code

C6-3

Property type

Office properties

Property subtype

Office buildings

APN

00715-0050

APU

7150050

Description

This exceptional 3,500 square foot creative office duplex in West Chelsea offers a turnkey solution for businesses seeking a vibrant and functional workspace. The space boasts abundant natural light from over 15 windows spanning three sides, creating a bright and airy atmosphere. Dark hardwood floors, skylights, and existing conference rooms and breakout areas provide immediate functionality. Data points are conveniently located every 8 feet. The property is ideally situated adjacent to the Google Chelsea-Meatpacking Technology campus, offering unparalleled access to a thriving tech hub. The space is divisible, with options including a smaller 800 square foot front space available for $3,500 per month, or a larger 2,700 square foot rear duplex with outdoor space for $10,000 per month. Additional monthly costs include $200 for water and sewer, and $200 for sprinkler system maintenance. High-speed internet is readily available through FiOS and TW/Spectrum. The building also offers the potential for live/work arrangements, with a two-bedroom apartment becoming available around June/July for $6,500 per month. The entire 3,500 square foot space is available for lease at $13,000 per month. The minimum divisible space is 800 square feet. The building's total square footage is 17,720 square feet, and the property is located at 436 West 18th Street, with a cross street of 9th Avenue.

• CAP approach

  CAP return

  Valuation

  6%

  $1,008,512

  6.5%

  $930,934

  7%

  $864,439

• Comparable approach

  Method

  Valuation

  Relative Method

  $797,026

  Geo Method

  $797,026

• Alternative Use

  Use

  Valuation

  Residential

  $1,154,359

  Hospitality

  $1,057,386

  Educational

  $879,733

  Medical

  $909,988

  Retail

  $1,368,474

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7439

Longitude

-74.0051

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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