Property summary
This exceptional Chelsea property at 297 7th Avenue offers three contiguous floors, each spanning 850 square feet, totaling 2,550 square feet of versatile space. Located in a prime Manhattan location, this building is ideal for a variety of uses, including traditional office, coworking, medical office, or creative office spaces. The building itself is a four-story, Class B structure, originally built in 1920 and extensively renovated in 2024. The property features a single building with no elevators. The minimum divisible space is 850 square feet, with three 850 sq ft spaces currently available. The total building square footage is 4,800 square feet. This property is situated in New York County, New York, and offers high visibility and accessibility within a bustling urban environment. The flexible floor plans allow for customization to suit diverse business needs. The asking price starts at $6,000 per floor, with terms negotiable. This presents a unique opportunity to establish a presence in one of Manhattan's most desirable neighborhoods. The property is categorized as Retail, Office, and Special Purpose, suitable for multiple tenants.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
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Hotel & Motel
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Cafe & Coffee Shop
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Locksmith
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
M1-6 · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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