227 West 17th Street, 1A, New York, NY 10011

Fantastic investment opportunity!

This accessible commercial coop unit on the ground floor has over 100 feet of frontage and three street entrances. The space benefits from immense 14 ft. ceilings, a vast interior, and spacious windows allowing for great natural lighting throughout the day. This floor is also fully equipped with its own kitchen and bathroom. The basement space is further expansive being approximately 4,000 ft and can be utilized as a show room that includes a small office.  The entire unit (ground floor and basement) is rented by Haute Living, LLC. and is being used as its NY office and showroom. Its current double net lease is valid for 12 years which will expire in 2034, or until 2037 with the tenant's 3-year extension option. Current monthly rent is $43,076 ($516,912 / year), with 2.5% annual increase. Projected NOI:  $350,548

Convenience is key to this unit. The space’s prime location on W 17th Street between seventh and eight avenues, serves as the next extraordinary commercial loft property opportunity in the lively Chelsea neighborhood. Near distinguished landmarks such as the vibrant Chelsea Market, High line, and the Hudson River park coupled with rich galleries in the area, the neighborhood offers a thriving art scene, breathtaking skyline views, and green spaces appreciated in the city. It is also within close proximity to the bus or train being 5 minutes away from the nearest station and, overall, it serves as a convenient unit near transportation and diverse neighborhood hotspots that can’t be missed.