277 22Nd StNew York, NY 10011

Property Details for 277 22Nd St

Year built

1901

Lot size

0.05 AC

Property size (Sq ft)

5,590 SF

Zone code

C16A

Property type

Investment properties

Property subtype

Live-work space

APN

00772-0006

APU

7720006

Description

This exceptional 2,350-square-foot retail space, located at 277 West 22nd Street in prime Chelsea, Manhattan, presents a unique investment opportunity. The property boasts a stunning, newly installed all-glass storefront offering exceptional visibility and frontage on a highly trafficked block, just off bustling 8th Avenue. Its spacious, wide-open layout is ideal for a variety of uses, including restaurants, coffee shops, tech companies, or other retail businesses. The space features a significant advantage with a 950-square-foot basement included, adding considerable versatility and storage capacity. The asking price of $74 per square foot represents an incredible value in this coveted location. Its convenient proximity to subway lines ensures easy accessibility for both employees and customers. The property's flexible design allows for ventilation modifications to accommodate various retail concepts, including restaurants. This is a rare chance to secure a high-impact retail space in a thriving Chelsea neighborhood with excellent exposure and a low price per square foot. The single-tenant occupancy provides a straightforward and manageable investment. This property is situated in New York County.

• CAP approach

  CAP return

  Valuation

  6%

  $924,194

  6.5%

  $853,102

  7%

  $792,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $730,389

  Geo Method

  $730,389

• Alternative Use

  Use

  Valuation

  Residential

  $1,057,847

  Hospitality

  $968,982

  Educational

  $806,182

  Medical

  $833,907

  Retail

  $1,254,060

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7446

Longitude

-73.9984

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].