back to listing

REDEVELOPMENT SITE: BOUTIQUE HOTEL

Chelsea
$13,500,000
20,000 Buildable SF

Property Information

  • LOT DIMENSIONS 20 FT x +99 FT
  • LOT SIZE 2,200 SQ FT
  • ZONING M1-6
  • COMMERCIAL FAR 10

Additional Info

  • A developers opportunity: over 20,000 buildable square footage for an income producing asset in one of the most coveted neighborhoods in New York City.
  • Currently a commercial building, approved plans anticipate roughly 80 keys for a boutique hotel.
  • Walking distance to many entertainment, retail, and dining establishments, tenants include: Whole Foods Market, Gotham Comedy Club, Eataly Flatiron, Chipotle, Chase Bank, and many more.
  • Chelsea is known for its ultra luxury new construction developments with an average price tag of over $2,500 per square foot. You will find many high end art galleries, fine dining, and known attractions like the High Line that draw millions of tourists annually.