109-111 W 24th St
46,564 SF Vacant Office Building New York, NY 10011 $28,000,000 ($601/SF) 7.02% Cap Rate
![109-111 W 24th St, New York, NY for sale - Building Photo - Image 1 of 34](https://images1.loopnet.com/i2/Uy07pI5v5jXDXacf5wi-_t5wEpnbyJ1X0LPfBIMEQ90/110/109-111-W-24th-St-New-York-NY-Building-Photo-1-Large.jpg)
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![](https://images1.loopnet.com/i2/9wTKHmtPUqFKmjL-3BSiOOv6yK6hxkV1gBCztQQXDfA/110/109-111-W-24th-St-New-York-NY-Primary-Photo-14-Large.jpg)
![](https://images1.loopnet.com/i2/nd4fWJpRjPz5nCyTmuTiGSp6u2ThtK3jqOd8lhz1ZkI/110/109-111-W-24th-St-New-York-NY-Building-Photo-21-Large.jpg)
![](https://images1.loopnet.com/i2/f8w5a5DAs4VUo_6822LL8gpPGwGhb2Jdsbe_G5k7Mp0/110/109-111-W-24th-St-New-York-NY-Building-Photo-27-Large.jpg)
![](https://images1.loopnet.com/i2/95AwtSKWsrpY7IIXbEyU-dymPX0SvfI9lluf2RbuB1k/110/109-111-W-24th-St-New-York-NY-Building-Photo-28-Large.jpg)
INVESTMENT HIGHLIGHTS
- 90' frontage Retail storefront - GREAT FOR FLAGSHIP
- Incredible opportunity for leveraging CITY OF YES Initiative
- Open floor plans or ability to subdivide
- Renovated with brand new finishes, elevator, and electric
- Projected 7.02% cap rate with ability for an owner-end user option
EXECUTIVE SUMMARY
Key features:
$5,000,000 in recent renovations delivering space in white box condition
Modern interiors with elevator and add value opportunity with rooftop deck
Ideal for flagship retail with 90' of frontage
Exposed brick with large triple window exposures and hardwood floors
Large keyed elevator
International marketing exposure on the largest streaming platform, Netflix
With state-of-the-art interiors and a classic façade, this building is thoughtfully equipped with an elevator and a rooftop deck, providing an unmatched experience for tenants and owner end users alike. Its strategic location, just one avenue from Madison Square Park, the Flatiron Building, and the Empire State Building, connects seamlessly to the vibrant Chelsea and Flatiron neighborhoods.
KEY WORD SEARCHES : skylight, natural light, high exposed ceilings, exposed brick, polished concrete floors, storage area, tenant controlled central AC, HVAC after hours, meatpacking, creative, restaurant, cafe, venting, photography, architect, design, fashion, showroom, tech, technology, media, finance, financial, venture capital, private equity, trophy, high end, beautiful, amazing, spectacular, Alibaba, Apple, Audemars Piguet, Asics, Bally, Belstaff, Brunelli Cucinelli, Catch, Chelsea Market, Diane von Furstenberg, Fjallraven, Frame, Gansevoort Hotel, Giorgio Armani, Google, Gucci, High LIne, Hermes, Intermix, Kiehl's, Palantir, The Kooples, Live Nation, Loro Piana, lululemon Athletica, Marni, Patagonia, Rag & Bone, Restoration Hardware, Rolex, Samsung, Soho House, Standard Hotel, Starbucks Reserve, Tesla, Theory, Vans, Vince, Whitney Museum of American Art
PROPERTY FACTS
AMENITIES
- Bus Line
- Metro/Subway
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Nomad Mics
- Retailer
- -
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$9.99
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Lorem Ipsum
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Jan 0000
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Nomad Mics | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Pleased to present a prime retail space located in the heart of Chelsea White boxed retail with new facade and 4,500SF in the basement 3 Stairs connecting ground floor & basement 14' ceilings
The 4th floor at 111 West 24th Street is a 6,810 SF full floor office space The floor is currently white boxed with new bathrooms, electric, HVAC, lights etc Ownership can build to suit New Lobby, New Elevator Cab, New MEP'S etc.
The 5th floor at 111 West 24th Street is a 4,000SF full floor office space The floor is currently white boxed with new bathrooms, electric, HVAC, lights etc Ownership can build to suit New Lobby, New Elevator Cab, New MEP'S etc.
The Penthouse at 111 West 24th Street is a 6,810 SF full floor office & commercial space with private dedicated roof deck. The space is currently 90% done with the prebuild, however, the landlord will build to suit. New Lobby, New Elevator Cab, New MEP'S etc.
Space | Size | Space Use | Condition | Available |
Ground | 5,500 SF | Retail | Shell Space | Now |
4th Floor | 6,810 SF | Office | Full Build-Out | Now |
5th Fl-Ste 501 | 4,000 SF | Office | Full Build-Out | Now |
7th Fl-Ste PH | 6,810 SF | Office | Full Build-Out | Now |
Ground
Size |
5,500 SF |
Space Use |
Retail |
Condition |
Shell Space |
Available |
Now |
4th Floor
Size |
6,810 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
5th Fl-Ste 501
Size |
4,000 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
7th Fl-Ste PH
Size |
6,810 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
PROPERTY TAXES
Parcel Number | 0800-0033 | Improvements Assessment | $1,750,050 |
Land Assessment | $823,500 | Total Assessment | $2,573,550 |