509 W 23rd Street Manhattan, NY 10011
3,400 SqFt
Open House
Sun Jan 18, 12:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $2,058
Subdivision Chelsea
MLS Listing ID RLS20050229
HOA Y/N Yes
Year Built 1910
Annual Tax Amount $19,644
Property Sub-Type Multi Family
Property Description
A rare offering in the heart of West Chelsea's gallery district, this mixed-use building presents an exceptional opportunity combining residential stability, commercial visibility, and long-term investment potential. Positioned directly alongside the High Line, the property benefits from constant foot traffic, strong demand, and unparalleled neighborhood amenities.
Property Overview
Located directly adjacent to the High Line, the lot measures 20 feet by 74 feet with a total lot size of 1,480 square feet. The building contains approximately 3,400 square feet and features three residential units and a sizeable ground-floor retail and commercial space. Built in 1910, the property blends historic character with adaptability for modern use. Building class: Certificate of Occupancy, Three Families with Commercial Space.
Commercial Space
Ground floor: 700 square feet
Private outdoor patio: 700 square feet
Basement: 300 square feet
Frontage: 15 feet
The commercial space is a clean vanilla box configuration located directly below the 23rd Street entrance to the High Line. Features include a private rear patio and garden, HVAC and MEPs in good working condition, a restroom in place, and suitability for any dry-use operator.
Outdoor Spaces
The property includes a roof deck positioned approximately 15 feet above the High Line with strong southern views, as well as a private rear garden measuring roughly 33 feet by 19 feet.
Highlights
Three residential apartments provide consistent income, while the expansive retail space delivers prime exposure for galleries, boutiques, or hospitality concepts. The building is steps from major cultural anchors including the Whitney Museum, the High Line, world-class galleries, luxury developments, and the Meatpacking District. Both the High Line-facing roof deck and the private rear garden are exceptionally rare amenities in this corridor. Strong retail demand and continued neighborhood growth further elevate the investment profile.
Transportation
Close proximity to the C and E trains at 23rd Street offers convenient access to Midtown, Downtown, and the wider Manhattan transit network.
Summary
This is a rare opportunity to acquire a full mixed-use building in one of Manhattan's most desirable and culturally significant neighborhoods. The property has received multiple upgrades, with full details available upon request. It is ideal for investors, developers, or end-users seeking long-term value in a premier High Line location.
Rent roll available upon request
Location
State NY
County New York
Rooms
Basement Full
Interior
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Laundry In Unit
Exterior
View Y/N Yes
View City, Neighborhood
Private Pool No
Building
Lot Description Back Yard, Garden, Private
Dwelling Type Multi Family,Mixed Use,Townhouse
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 0695-0030
Ownership None
Monthly Total Fees $1, 637
Security Features Closed Circuit Camera(s),Fire Escape
Special Listing Condition Standard
Pets Allowed Building Cats OK, Building Dogs OK, Cats OK, Dogs OK
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