Property profile

230 7th Ave New York, NY 10011

OFF-MARKET
Retail residential properties
Property ID
US63-3202492
5,710 SF 0.04 ac lot Built 1920
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional opportunity presents two full floors of sleek, modern, pre-built office space in the heart of Chelsea, Manhattan. Located at 230 Seventh Avenue, this property offers unparalleled flexibility with two 1,800 square foot floors available individually or combined for a total of 3,600 square feet as a duplex. Each floor boasts high ceilings, an open bullpen area, spacious private offices, and a sizable conference room (easily enclosed). A fully equipped modern kitchen/wet pantry and a stylish private bathroom add to the convenience. Oversized windows provide abundant natural light and stunning city views. The space features hardwood floors, recessed lighting, and tenant-controlled central air conditioning. The asking rent is $40 per square foot, significantly below market value. This prime location offers exceptional access to public transportation, including the 1, 2, 3, A, C, E, B, D, F, M, N, R, Q, and L trains, as well as multiple bus lines and proximity to Penn Station. The vibrant Chelsea neighborhood provides a wealth of dining, entertainment, and retail options, including Trader Joe's and Whole Foods. This versatile space is ideal for a variety of businesses, including tech, media, fashion, finance, advertising, sales, administrative, artistic endeavors, startups, or any business seeking a full-floor space to elevate its presence. Don't miss this amazing opportunity.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1920
Total area 5,710 SF
Lot 0.04 ac (1,573 SF)
Zoning code C63X
APN 00773-0043
UPID US63-3202492

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising
  • Marketing & Advertising
  • Corporate Office
  • Consultant
  • Marketing & Advertising Advertising Agency

Location

230 7th Ave New York, NY 10011-1861
New York metro Census 9100 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.11M

Owner & transaction history

since 2012
5 recorded transactions
2016
Price N/A
2016
Price N/A
2012
$4.3M
1998
Price N/A
1969
Price N/A

Zoning & alternative use

C63X · New York, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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