189 Ninth Avenue — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10011

Investment Figures

Cap rate
3.70%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively offer for sale 189 Ninth Avenue, located in the heart of the Chelsea neighborhood. Situated between West 21st and West 22nd Streets along one of Manhattan’s most active retail corridors, this two-story mixed-use building is comprised of approximately 1,964 square feet and sits on an 18.58’ x 65’ lot (Block 719, Lot 41). Built in 1910 and constructed of masonry, the property is zoned R7B with a C2-5 commercial overlay. Investment Highlights: • 189 Ninth Avenue is configured as a two-story retail building with full commercial use.The building contains one commercial unit approx. 1,964 SF. • Tax Class 4 | Zoning: R7B, C2-5 | Available Air Rights: 1,874 • Close proximity to 1,2,3,A,C,& E Subway lines.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 3.7% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 100 days. Compare it against other mixed use listings for sale in New York, NY — view the full market.

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