Retail

Prime Retail Condo Investment Opportunity in Chelsea

Address: 166 West 18th Street, New York, NY 10011
Price: $4,000,000 – $10,000,000
Sale Type: Investment or Owner-User
Property Type: Retail Condominiums

Property Details:

• Gross Building Area (GBA): 76,676 sq. ft.
• Typical Floor Size: 5,477 sq. ft.
• Number of Buildings: 1
• Units per Area: 271 per acre
• Market Segment: All
• Rent Type: Market

Key Features:

Strategic Chelsea Location
Located in the vibrant Chelsea neighborhood, 166 West 18th Street is positioned in a bustling area known for its rich cultural scene, art galleries, restaurants, and retail establishments. This prime location offers high foot traffic and visibility, making it an attractive choice for businesses aiming to capture a diverse clientele.

Flexible Sale Options
With a sale price range of $4,000,000 to $10,000,000, this property caters to a wide array of investors and owner-users. Whether you are looking to occupy the space or invest for income, this versatility enhances the property’s appeal in a competitive market.

Spacious Retail Environment
Boasting a Gross Building Area of 76,676 sq. ft. and typical floor sizes of 5,477 sq. ft., this retail condo offers ample space for various business ventures. Its expansive layout provides the flexibility needed to accommodate different retail concepts, from flagship stores to boutique shops.

Strong Market Demand
Situated within a thriving commercial district, the property benefits from a strong market demand for retail space. This market rent structure ensures the potential for consistent income and growth, providing a lucrative opportunity for investors looking to capitalize on Chelsea’s ongoing development.

Conclusion:

166 West 18th Street represents a unique opportunity to acquire prime retail condos in one of New York City’s most sought-after neighborhoods. With its strategic location, flexible sale options, and significant square footage, this property is ideal for both investors seeking rental income and businesses looking to establish a presence in Chelsea’s dynamic marketplace.