725 Sixth Avenue, New York, New York, 10010

725 Sixth Avenue
New York NY 10010

Cross street:West 23rd Street

Building

Type:Low-rise
Era:Post-war
Floors:4

Property

Ownership: Income Property
Bedrooms: Studio

Financials

Price: $15,000,000
594 Broadway, New York, NY 10012, USA
Courtesy of Elliman

Description

Introducing 725 Sixth Avenue - An incredible and rare opportunity to purchase a building in one of the most desirable locations in Chelsea! The building is positioned in the heart of the neighborhood with 25 linear feet of prime frontage on the heavily trafficked Sixth Avenue "big box" retail shopping corridor.

4 Stories 6,272 SF above grade 1,800 SF below grade 10,500 SF air rights massive ceiling heights

Centrally located to Madison Square Garden, Chelsea Piers, the Empire State Building, as well as the Chelsea, Murray Hill, Flatiron and Union Square shopping, dining and entertainment districts.

Current monthly payments are as follows (current income total of $47,000 and $64,000 Pre-Covid):

1st Floor
- Video store $27,000
- Locksmith $4,500

2nd Floor
- Vacant (1,800 SF open space loft)

3rd Floor
- First apartment (approx. 900 SF) $ 4,700
- Second apartment (approx. 900 SF) $3,800

4th Floor
- First office $3,500
- Second office $3,500

All leases are free market and the building can be delivered vacant upon request.

Contact us for a private showing!


Amenities

  • Air Conditioning
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

Introducing 725 Sixth Avenue An incredible and rare opportunity to purchase a building in one of the most desirable locations in Chelsea !

Description

Introducing 725 Sixth Avenue - An incredible and rare opportunity to purchase a building in one of the most desirable locations in Chelsea! The building is positioned in the heart of the neighborhood with 25 linear feet of prime frontage on the heavily trafficked Sixth Avenue "big box" retail shopping corridor.

4 Stories 6,272 SF above grade 1,800 SF below grade 10,500 SF air rights massive ceiling heights

Centrally located to Madison Square Garden, Chelsea Piers, the Empire State Building, as well as the Chelsea, Murray Hill, Flatiron and Union Square shopping, dining and entertainment districts.

Current monthly payments are as follows (current income total of $47,000 and $64,000 Pre-Covid):

1st Floor
- Video store $27,000
- Locksmith $4,500

2nd Floor
- Vacant (1,800 SF open space loft)

3rd Floor
- First apartment (approx. 900 SF) $ 4,700
- Second apartment (approx. 900 SF) $3,800

4th Floor
- First office $3,500
- Second office $3,500

All leases are free market and the building can be delivered vacant upon request.

Contact us for a private showing!


Amenities

  • Air Conditioning
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.