212-202-9200
156-158 Seventh Ave, New York, NY for Sale
Restaurant - FOR SALE
1/2
null | Request Cap Rate

156-158 Seventh Ave
New York, NY 10011
Chelsea


HIGHLIGHTS

  • 22,080 total buildable square feet with Commercial FAR.
  • 27,684 total buildable square feet with Residential FAR and 31,280 maximum ZFA with IHP FAR.
  • Ideal opportunity for boutique Office, Hotel, Rental, or Condominium building
  • 46’ of frontage on Seventh Avenue provides continuous exposure for ground floor retail
  • Close proximity to High Line, West Side Highway, Chelsea Piers, Meatpacking District, Flatiron District, and Union Square

OVERVIEW

Judson CRE LLC as exclusive agent, is pleased to offer for sale 156-158 Seventh Avenue, a single-story commercial property on a 3,680 square foot lot. With an as-built FAR of 0.94, the lot is zoned C6-3A (R9A equivalent) with a 6.0 FAR for hotel, office, community facility, retail or any variation of mixed-use and 7.52 FAR for residential. This brings the total BSF for development to approximately 22,080 square feet and 27,674 square feet respectively, with the ability to add another approximately 1.0 FAR for residential through the Inclusionary Housing Program (IHP) by acquiring CB4 air rights. The site features 46’ of valuable retail frontage on Seventh Avenue between West 19th and West 20th Streets. With a maximum building height of 145 ft., new developments must set back 10 ft. from Seventh Avenue and 15 ft. from West 19th Street.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C6-3A

APN/PARCEL ID

0769-0036

ASK ABOUT THIS PROPERTY

Nicholas JudsonJudson CRE LLCMore Info
212-202-9200

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Nicholas JudsonJudson CRE LLCMore Info
212-202-9200

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