159 W 23rd St, New York, NY 10011

BKREA has been exclusively retained to arrange the sale of 159 West 23rd Street (“The Property”). Five-story mixed-use building located in Manhattan’s Chelsea neighborhood. Positioned on the north side of West 23rd Street between Sixth and Seventh Avenues. Location Details Situated in the heart of Chelsea, one of Manhattan’s most vibrant retail and cultural corridors. Nearby amenities include: Madison Square Park High Line Chelsea Market Excellent public transportation access: 1 train at 23rd Street & Seventh Avenue F and M trains at 23rd Street & Sixth Avenue Site Specifications: Lot Size: 2,452 square feet. Frontage: 25 feet. Building Size: Approximately 8,948 gross square feet (per survey in data room). Configuration: One vacant retail unit Six residential units Retail Component Retail unit spans: Entire ground floor, Entire second floor and Portion of the lower level Was previously occupied by Inked, a popular tattoo parlor. Real Residential or Office Conversion / Value Add Play Residential Component Unit Breakdown (6 total): 3 free-market units (50%) 1 rent-stabilized occupied unit (16.67%) 2 rent-stabilized vacant units (33.33%) Unit mix: Predominantly two-bedroom apartments One three-bedroom unit One one-bedroom unit Rent documentation reviewed by K&F PLLC. Development Considerations Air rights are not included in the offering, as they have already been transferred by ownership. Highlights Opportunity Highlights Located in a high–barrier-to-entry Manhattan submarket. Value Add/ Conversion play on the 2nd floor, which was formerly occupied by the retail tenant Positioned within one of Manhattan’s strongest and most enduring demand corridors. Compelling opportunity for investors seeking stable cash flow and long-term appreciation.