Availability
Ground Floor: 7,012 RSF
2nd Floor – 13,452 RSF
Total: 20,464 RSF
Ground Floor Asking Price:
$8,414,400 ($1,200/RSF)
Second Floor Asking Price:
$11,770,500 ($875/RSF)
Total Asking Price:
$20,184,900
Estimated Annual Common Charges:
Ground Floor: $84,048 ($11.99/RSF)
2nd Floor: $114,000 ($8.47/RSF)
Total: $198,048
Estimated Annual Real Estate Taxes:
Ground Floor: $63,814 ($9.10/RSF)
2nd Floor: $85,191 ($6.33/RSF)
Total: $149,005 |
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The 20,464 RSF commercial condominium at 207 West 25th Street presents a unique opportunity for ground and second-floor retail, showroom or office space in the heart of Chelsea. Located just off Seventh Avenue, directly across from Whole Foods, this location offers exceptional visibility and accessibility with a dedicated entrance and signage opportunities. With 14’11” ceilings, exposed brick, and an interconnecting staircase, the space is ideal for creative offices, retailers, showrooms, or other commercial users.
Building & Unit Highlights:
- Prominent dedicated entrance with signage opportunity.
- Interconnecting staircase between showrooms on the ground and second floor.
- 14’11" loft-like ceilings on the ground floor, 12’4” ceilings on the 2nd floor.
- Rare opportunity to own a building-within-a-building in Midtown South.
- First class showroom installation in a prime Chelsea location across from Whole Foods and luxury developments.
- Attended lobby, 24/7 building access, large loading dock and two oversized freight elevators.
- Close proximity to Madison Square Park, Madison Square Garden, multiple subway lines and many restaurants.
- Ideally located steps from the 1, C, E, F, M, N, R subway lines and the PATH train, and within walking distance to Penn Station.
- Purchasers are eligible for over 90% loans, making the cost of owner/occupancy less than the cost of leasing over a five to 10 year period.
- Within a half-mile radius, the area features an exceptionally high population density of over 70,000 residents, supported by median household incomes exceeding $140,000.
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