336 W 23rd St - Apartments FOR SALE


New York, NY 10011- Chelsea
$22,500,000 USD
212-776-4367
336 W 23rd St, New York, NY for Sale
$22,500,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

336 W 23rd St
New York, NY 10011
Chelsea


HIGHLIGHTS

  • Prime Chelsea location near The High Line, Hudson Yards, and Chelsea Market.
  • Delivered mostly vacant with flexible live/work or investment potential.
  • Two grand duplexes and a penthouse suite with private terraces.
  • Retail triplex with 13-foot ceilings, fireplaces, and private garden.
  • Separate residential and commercial elevators for optimal functionality.
  • Projected gross income of $1.2 million with minimal expenses.

OVERVIEW

Douglas Elliman Commercial presents 336 West 23rd Street, a rare 25-foot-wide Italianate-style elevator townhouse in the heart of Chelsea, New York City. Originally constructed in 1855 and meticulously redeveloped, this mixed-use asset spans approximately 16,000 square feet across eight levels and offers a compelling blend of historic character and modern luxury. Delivered mostly vacant, the property is ideal for investors, end-users, or developers seeking a flagship presence in one of Manhattan’s most dynamic neighborhoods. The building features two expansive duplex residences and a penthouse guest suite, each with private terraces, radiant floor heating, and skyline views. The commercial component is a dramatic retail triplex with 13-foot ceilings, restored marble fireplaces, chandeliers, and a private garden, accessible via a dedicated commercial elevator. This space is perfectly suited for a gallery, boutique hospitality concept, or exclusive members’ club. Located midblock between Ninth and Tenth Avenues, 336 West 23rd Street is steps from The High Line, Hudson Yards, Chelsea Market, and the West Side art galleries. The property’s flexible C1-6A zoning and overbuilt status allow for a wide range of uses, including luxury rental portfolio, single-family conversion, or condo development. With projected gross income exceeding $1.1 million and minimal operating expenses, this is a rare opportunity to acquire a legacy asset with both lifestyle and investment appeal.

FOR SALE DETAILS

PRICE

$22,500,000 USD

PRICE/SF

$1,412 USD /SF

# OF UNITS

3

PRICE/UNIT

$7,500,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1855

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,840 SF

ZONING

C1-6A

APN/PARCEL ID

0746-0006-00001-000-0000002

ASK ABOUT THIS PROPERTY

Louis PuopoloDouglas Elliman Commercial Real EstateMore Info
212-776-4367

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Louis PuopoloDouglas Elliman Commercial Real EstateMore Info
212-776-4367

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