Buy with Yoreevo
$2,158,417
List Price: $2,195,000
Share Listing
Save Listing
358 West 23rd Street #RETL
Condo in Chelsea •  building info
studio • 1ba • 3,900ft² $563 per ft²
Buy with Yoreevo

$2,158,417

List Price

$2,195,000

Key Details
Days on market
72
Last price change
loading...
Estimated payment
$18,944
Taxes
$4,891
Monthly common charges
$1,240
Description
Motivated Seller - GROUND LEVEL with BASEMENT Commercial/condo Ground space for sale in Chelsea, NYC. NOT THE ENTIRE BUILDING, JUST THE COMMERCIAL SPACE IS FOR SALE. Due to its prime location, the restaurant has made cameos in several TV shows and movies. The unit is currently a fully operational restaurant complete with garden/event space in the back, fully functional and up to code kitchen, immaculate basement with a personal office, full bathroom, employee changing area, cellar, massive cooler, and delivery shoot. Restaurant is a spacious, well crafted open concept bar and cocktail lounge. The space gives way to the dining area decorated with a huge mirror and it's functional dramatic brick gas fireplace. Continue past the dining area to the glass enclosed garden dining/event space in the back, excellent for meetings, events, and parties. The industrial kitchen is fully equipped and up to code. The basement has 3 egresses. The projected income based on recent market analysis puts this gem at $25K per month, allowing your cap rate to soar to an astonishing 7.5% post expenses, very rare in this market. Conveniently located by the West Side Highway and the High Line, this property location makes it the ideal place to maximize on, not only foot traffic, but car traffic. Surrounded by tourist hot spots like The Chelsea Hotel, The High Line, Gotham Comedy Club, Flatiron Building, The Standard Hotel, The Vessel, Rubin Museum, as well as 15 of the most reputable art galleries in the United States! Why rent when you can acquire a great commercial opportunity.

Read Less

Building info

History
What it'll cost
Purchase price
$2,195,000
Asking Price: $2,195,000
Term
30 Years
Down Payment
$219,000 (10%)
Min: 10% (219,000)
Rate
6.75 %
Mortgage Amount
$1,975,500
Mortgage Payment
$12,813
Common Charges
$1,240
Taxes
$4,891
Estimated Yoreevo rebate
$36,583
Estimated closing cost
$83,000
Total monthly cost $18,944
Buy your dream home with us and get an estimated
$36,583 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Corcoran Group

IDX information is provided exclusively for consumers' personal, noncommercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 REBNY listing service, Inc all rights reserved.

RLS IDX Data display by Yoreevo.