This exceptional opportunity presents two full floors of sleek, modern, pre-built office space in the heart of Chelsea, Manhattan. Located at 230 Seventh Avenue, this property offers unparalleled flexibility with two 1,800 square foot floors available individually or combined for a total of 3,600 square feet as a duplex. Each floor boasts high ceilings, an open bullpen area, spacious private offices, and a sizable conference room (easily enclosed). A fully equipped modern kitchen/wet pantry and a stylish private bathroom add to the convenience. Oversized windows provide abundant natural light and stunning city views. The space features hardwood floors, recessed lighting, and tenant-controlled central air conditioning. The asking rent is $40 per square foot, significantly below market value. This prime location offers exceptional access to public transportation, including the 1, 2, 3, A, C, E, B, D, F, M, N, R, Q, and L trains, as well as multiple bus lines and proximity to Penn Station. The vibrant Chelsea neighborhood provides a wealth of dining, entertainment, and retail options, including Trader Joe's and Whole Foods. This versatile space is ideal for a variety of businesses, including tech, media, fashion, finance, advertising, sales, administrative, artistic endeavors, startups, or any business seeking a full-floor space to elevate its presence. Don't miss this amazing opportunity.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,170,602
6.5%
$1,080,555
7%
$1,003,373
Comparable approach
Method
Valuation
Relative Method
$1,156,406
Geo Method
$1,156,406
Alternative Use
Use
Valuation
Residential
$1,080,555
Hospitality
$989,783
Educational
$823,488
Medical
$851,809
Retail
$1,280,981
Location Insight
City
New York
County
New York
State
New York
Latitude
40.7445
Longitude
-73.9957
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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