189 9th Ave - Storefront Retail/Residential FOR SALE


New York, NY 10011- Chelsea
$5,000,000 USD
917-539-0402
189 9th Ave, New York, NY for Sale
$5,000,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | 5.39% Cap Rate

Jun '26


189 9th Ave
New York, NY 10011
Chelsea


OVERVIEW

The New York Multifamily Team is pleased to exclusively offer for sale 189 Ninth Avenue, located in the heart of the Chelsea neighborhood. Situated between West 21st and West 22nd Streets along one of Manhattan’s most active retail corridors, this two-story mixed-use building is comprised of approximately 1,964 square feet and sits on an 18.58’ x 65’ lot (Block 719, Lot 41). Built in 1910 and constructed of masonry, the property is zoned R7B with a C2-5 commercial overlay. 189 Ninth Avenue is configured as a two-story retail building with full commercial use. The building contains one commercial unit and offers flexibility for an owner-user or investor seeking stable income in a high-demand submarket. The layout supports a variety of uses including restaurant, boutique retail, gallery, fitness, or specialty food concepts. Prime Chelsea Location: Located between West 21st and West 22nd Streets, the property sits in the center of Chelsea’s vibrant retail corridor. The immediate area benefits from strong residential density, destination dining, art galleries, and boutique shopping. The High Line, Chelsea Market, and Hudson Yards are all within walking distance, driving consistent pedestrian traffic throughout the week. Flexible Delivery & Tenant Strength: The property can be delivered vacant, providing an ideal opportunity for an owner-user or investor to reposition the asset, or a new lease can be negotiated with the current tenant. The existing tenant operates five additional locations and offers strong credit and established operations, presenting a stable income opportunity for investors seeking secure retail tenancy in a prime Chelsea.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$2,525 USD /SF

CAP RATE

5.39%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Net-Leased Chelsea Retail - Vacant June 2026

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,207 SF

ZONING

R7B

APN/PARCEL ID

0719-0041

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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