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111 West 17th Street, HOUSE
New York, NY 10011
Chelsea

Off Market

Property Type
House
Estimated Size
N/A
Price per ft²
N/A
Bedrooms
0 Bedrooms
Bathrooms
0 Bathrooms
Home Style
TH Commercial
Common Charges
N/A
Taxes
$53,485
Tax Deduction
N/A
Financing Allowed
N/A
New Development
N/A
Building
111 West 17th Street
Building Year
N/A
Building Floors
6 floors
Building Units
N/A
Middle School
104
Elementary School
PS 975
Days on RealDirect
N/A

A 20? wide, 6-story, 5 unit, walk-up commercial loft building with a residential penthouse. The property is located on the north side of West 17th Street between Sixth and Seventh Avenues on the Chelsea/Flatiron neighborhood border. Reconstructed and completely renovated in 2001, the subject property contains a total above grade square footage of approximately 9,140. The building consists of a turn-key restaurant on the ground floor and cellar with a lease until January 2016, three floor through loft-type commercial units on the 2nd, 3rd and 4th floors, and a 2-bedroom/2.5 bathroom residential duplex on floors 5 and 6. There is a beautiful 20' wooden deck off the 5th floor rear along with access to a wooden rooftop area on top of the 6th floor. The building lies within a C6-2A zoning district (R8A residential equivalent) with an FAR of 6.02. The are approximately 1,918 square feet of unused air rights. With floor-to-ceiling windows throughout and generous ceiling heights the building has tremendous light and air qualities. The ceiling heights are: 8? in the cellar, 9? 6? in the restaurant, 12? 2? on the 2nd floor, and 10? on each of floors 3 though 6. The building possesses an excellent stream of income with current market rents making it ideal for an investor and since the 3rd floor could be delivered vacant there is potential for a small User looking to occupy the space to also benefit from.

Features

  • Renovated
  • Loft
  • Investor
  • Bright

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Mortgage Calculator

Mortgage Amount

$550,000

This property allows up to 0% financing. You may need to increase your down payment.

Mortgage Payment

$2,200

Total Monthly Payment

$2,900

Listing History

April 3, 2015 Sold $7,500,000
April 2, 2015 Sold $7,500,000

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