253 W 28th Street Retail, New York, NY 10001 is For Sale
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253 W 28th Street Retail New York, NY 10001

Studio-- baths-- sqft

For Sale
$6,000,000
Est. Mortgage
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My Notes

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Ground floor retail and lower level of commercial loft co-op built in 1920. The retail level is approximately 4,800 square feet with south and east exposures is equipped with loading dock/garage, central HVAC, reinforced floor, two bathroom suites, kitchenette, meeting room and executive office. The finished portion of the lower level is approximately 1,600 square feet and is a white box. The unfinished/unoccupied portion of the lower level is approximately 2,500 SF with plumbing and high ceilings (appx. 11 feet) and can be used as storage or potential to convert to other use (pending required upgrades and building/city approvals) with possibilities to divide and rent. Ideal Chelsea location opposite the Fashion Institute within three blocks of 1/2/3, C/E, N/R/W, PATH transportation lines, Penn Station, the Highline and all that downtown Manhattan has to offer. The plethora of uses include: business office, design studio, retail, showroom, museum, gallery. Access 24/7, passenger elevator, video security. Investors only (end-user possible in unfinished portion of lower level); tenants in place. Estimated cap rate with available/transferrable air rights of up to 10,834 SF : 5.7%.  More Less 

Facts

  • Cooperative
  • Built in 1890
  • 447 days on Zillow
  • MLS #: 8801397

    Features

    • Storage

        Additional Features

        • Laundry Room, Storage, Pre-War

        Construction

        • Room count: 2
        • Unit count: 0

        Other

        • Zillow Home ID: 2111586018

        Zestimate Details

        Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

        The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
        $4,593/mo
        -$980 Last 30 days
        $3.3K
        $6.9K
        Zestimate range

        Popularity on Zillow

        239 views since listing
        649 all-time (chart)

        Home Expenses

        Internet, phone and TV
        Home security
        Furniture

        Neighborhood

        Market guide

        Zillow predicts 10001 home values will rise 7.7% next year, compared to a 2.8% rise for New York as a whole.

        Foreclosures will be a factor impacting home values in the next several years. In the 10001 market, the number of foreclosures waiting to be sold fell 35.1% in the last year. The number of unsold foreclosures is 561.2% greater than in New York, and 63.2% greater than the national average. This higher local number may prevent 10001 home values from rising as quickly as other regions in New York.

        Learn more about forecast calculations or 10001 home values.
          More Less 
         

          For Sale

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          Other Units in this Building (1)ZestimateBedsBathsSqft
          # 4fl/Retail--Studio----

          Nearby Schools in New York

          GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

          Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

          Data by GreatSchools.org

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