109-111 W 24th St - Loft/Creative Space FOR SALE


New York, NY 10011- Chelsea
$28,000,000 USD
786-300-2869
109-111 W 24th St, New York, NY for Sale
$28,000,000 USD
Loft/Creative Space - FOR SALE
1/28
null | 7.02% Cap Rate

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


HIGHLIGHTS

  • The building benefits from 90 feet of retail storefront frontage - great for flagship investment.
  • The subject has been renovated with brand new finishes, an elevator, and electric throughout.
  • This is an incredible opportunity for leveraging the CITY OF YES Initiative.
  • The sale has a projected 7.02% cap rate with ability for an owner/ end-user option.
  • There are open floor plans or the ability to subdivide.

OVERVIEW

SERHANT Commercial and Okada & Co, as the exclusive agents, are proud to present 111 West 24th Street in the coveted Flatiron NoMad neighborhood. 111 West 24th Street is a premier 46,560-square-foot, seven-story office and retail building offering an exceptional blend of timeless architecture and modern design. Key features include $5,000,000 worth of recent renovations delivering space in white box condition, modern interiors with an elevator, and value-add opportunity with the rooftop deck. This offering is ideal for flagship retail with 90' of frontage. The building has exposed brick with large triple window exposures and hardwood floors. The building has also received international marketing exposure on the largest streaming platform, Netflix. With state-of-the-art interiors and a classic façade, this building is thoughtfully equipped with an elevator and a rooftop deck, providing an unmatched experience for tenants and owner-end users alike. Its strategic location, just one avenue from Madison Square Park, the Flatiron Building, and the Empire State Building, connects seamlessly to the vibrant Chelsea and Flatiron neighborhoods. Key word searches: skylight, natural light, high exposed ceilings, exposed brick, polished concrete floors, storage area, tenant controlled central AC, HVAC after hours, meatpacking, creative, restaurant, cafe, venting, photography, architect, design, fashion, showroom, tech, technology, media, finance, financial, venture capital, private equity, trophy, high-end, beautiful, amazing, spectacular, Alibaba, Apple, Audemars Piguet, Asics, Bally, Belstaff, Brunelli Cucinelli, Catch, Chelsea Market, Diane von Furstenberg, Fjallraven, Frame, Gansevoort Hotel, Giorgio Armani, Google, Gucci, High LIne, Hermes, Intermix, Kiehl's, Palantir, The Kooples, Live Nation, Loro Piana, lululemon Athletica, Marni, Patagonia, Rag & Bone, Restoration Hardware, Rolex, Samsung, Soho House, Standard Hotel, Starbucks Reserve, Tesla, Theory, Vans, Vince, and the Whitney Museum of American Art.

FOR SALE DETAILS

PRICE

$28,000,000 USD

PRICE/SF

$601 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,711 SF

ZONING

C6-4X/M1-6

APN/PARCEL ID

0800-0033

ASK ABOUT THIS PROPERTY

Jade ShenkerSerhantMore Info
786-300-2869

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Jade ShenkerSerhantMore Info
786-300-2869

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