Hotel, Multifamily, high cap rate, commercial real estate, reach international hotel investors.hotel and housing development site, New York City hotel for sale. distressed commercial properties in new york city, manhattan, for sale.

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Kinui Organization Inc.
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Chelsea E.20's


Location Features

Manhattan, NY US
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Status: Available
Type: Apartment

Description
A six-story commercial loft building located in the heart of the West Chelsea gallery district. The property underwent extensive renovations in 2004, in return an ICIP abatement is now in effect. Recent work includes: finished lobby, individual 20-ton HVAC units on each floor as well as upgraded elevators, electrical and plumbing. The property benefits from 11' ceilings on floors 1-5 and a penthouse level with 20' ceilings and roof deck. There is tremendous upside in the ground floor rent which is currently leased at $53/RSF, approximately 60% of market. There is also upside in the above floors which average $40/RSF, approximately 75% of market. Due to its superior location
 
 
House Style
apartment building
 

Michael Kinui
Kinui Organization Inc.
 Office: 914-703-2578

Email: michaelkinui@fixsell.net

The information presented here is deemed reliable, though not guaranteed.