230 7Th AveNew York, NY 10012

Property Details for 230 7Th Ave

Year built

1920

Lot size

0.04 AC

Property size (Sq ft)

5,710 SF

Zone code

C63X

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

00773-0043

APU

7730043

Description

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.

• 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

Property Tax & Assessments

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