189 7th Avenue is located on the Northeast corner of West 21st Street and 7th Avenue in the heart of Chelsea. This nearly 25' wide, four story building is can be delivered vacant. Currently 5,550 square feet the property is zoned R8A/C2-5 with a total buildable of 11,137, offering a wide range of opportunities for investors, developers or users alike. 189 Seventh Avenue offers a potential investor the opportunity to acquire an asset in the heart of Chelsea. The Property's proximity to Google's multiple NYC offices, Chelsea Market, Meat Packing District, Madison Square Park, Union Square, and the Hudson River Parkway, along with access to public transportation, makes this an extremely desirable neighborhood that consistently ranks among the most popular places to live in Manhattan. Given the flexible zoning, there is the ability to convert the upper three floors into either luxury rentals or condominium units, and the footprint can be enlarged by taking advantage of available as-of-right air rights. Given the dearth of development sites available in Manhattan and the shrinking pipeline of new residential projects, 189 Seventh Avenue presents a unique opportunity for investors to implement a strategic business plan to capitalize on the prime location.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
