212 Eighth 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
6.00%

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 and Millichap is pleased to present 212 Eighth Avenue, an 18-unit, mixed-use building featuring approximately 25 feet of highly visible corner frontage at the intersection of Eighth Avenue and West 21st Street—a vibrant and heavily trafficked corridor in the heart of Chelsea. The property is built 25’ x 108.92' across five stories, totaling approximately 9,891 square feet (Block: 769, Lot: 57) and is zoned R8A/C2-5. Alternative addresses include 264 West 21st Street, 266 West 21st Street , and 268 West 21st Street. Investment Highlights: • Spanning 9,891 square feet with 133.92 feet of wraparound frontage, 212 Eighth Avenue is comprised of 17 residential units (76% Free Market) and one commercial unit. • 212 Eighth Avenue is a newly renovated mixed-use asset with brand-new high-end finishes throughout all 18 units and hallways. • With the C, E, and 1 subway lines just steps away, the building offers seamless connectivity to Midtown, Downtown, and the greater city.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 6.0% 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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