212-589-5124
109-111 W 24th St, New York, NY for Sale
Office - FOR SALE
1/6
null | Request Cap Rate

109-111 W 24th St
New York, NY 10011
Chelsea


HIGHLIGHTS

  • Prime Chelsea Location
  • Near-Term Upside
  • Cash Flowing
  • Diverse Tenant Mix
  • Elevator Property
  • Strong Neighborhood Demographics

OVERVIEW

Cushman & Wakefield has been exclusively retained to arrange the sale of 111 West 24th Street, a mixed-use boutique office property located in the Chelsea neighborhood of Manhattan. The property is ideally situated on the north side of West 24th Street between 6th and 7th Avenues, a prime location surrounded by world-class dining, boutique retail, art galleries, and major employers. The property comprises approximately 46,190 rentable square feet across seven stories and includes elevator service. The building features ground-floor retail with six floors of office space above and is currently 70% leased to a diverse mix of tenants. Located in the heart of Chelsea, 111 West 24th Street benefits from proximity to some of Manhattan’s most dynamic destinations, including the High Line, Chelsea Market, Hudson Yards, and Madison Square Park. The area continues to see robust growth with rising retail and residential rents, supported by the neighborhood’s enduring appeal to both residents and visitors. Chelsea’s unique blend of historic architecture, art culture, and modern amenities makes it one of Manhattan’s most desirable submarkets. Furthermore, the property also offers exceptional access to public transportation, with the 1 F M W R and PATH trains all within walking distance, providing seamless connectivity to the rest of New York City. This is an excellent opportunity for an investor to step in and finish the building’s business plan and stabilize the asset at above-market yields. Investors can capitalize on near-term upside, as Chelsea continues to experience sustained growth driven by high demand, continued development, and its central Manhattan location.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,712 SF

ZONING

C6-4X, M1-6

APN/PARCEL ID

0800-0033

ASK ABOUT THIS PROPERTY

Andrew BerryCushman & WakefieldMore Info
212-589-5124

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Andrew BerryCushman & WakefieldMore Info
212-589-5124

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.