163 West 23rd Street, also known as the historic Traffic Building, is a six-story prewar loft property located on the north side of West 23rd Street between Sixth and Seventh Avenues in the heart of Chelsea. Built in 1931 and designed by architect Abraham Fisher, the building features a distinctive patterned brick façade with Celtic-inspired terra cotta detailing and a steel-frame curtain wall construction. The property spans approximately 20,000 square feet and is comprised of eight units, including ground-floor retail and upper-floor loft-style commercial space with floor-through layouts and direct elevator access on select floors. Zoned C6-3X, the asset benefits from strong surrounding demand driven by its proximity to major transit lines, Madison Square Park, and Chelsea’s established office, retail, and residential corridors.