at 23rd St 0.1 miles at 23rd St 0.2 miles at 23rd St 0.2 miles at 14th St 0.3 miles at Union Square 0.4 miles at 23rd St 0.4 miles
Chelsea’s most active retail location, 684 Avenue of the Americas, between 21st and 22nd Street. Located on the eastern side of the Avenue of the Americas, this 1850’s building is a rock solid retail-driven context and has the ability to achieve increased income, with all the essentials of a successful real estate investment.
• Block/Lot 823-83 • Building Size 25 ft. X 58 ft. • Lot Size 25 ft. X 59 ft. • Zoning C6-2A • Historic Landmarked District • Additional 5300 sf. potential developmental rights available on the property TAXES $55,685
3 Story mixed-use walk-up building consisting 3 Units: a ground floor commercial unit, second floor presently commercial (can be residential), and the top floor residential unit.
Ground Floor Retail - 1200 SF, currently leased to Starbucks until 3/31/12, with another 5 year option. Water sub meter installed. Water and utilities are sub-metered, and tenant pays 75% of the rent increases over the base year rent.
Second Floor Retail - 800 SF, currently leased to Anagen Hair Salon and has use of an amazing 400 SF outdoor garden leading from the space. Sub-metered.
Third Floor Residential - 1 BR apartment, 800 SF, currently leased with a tenant on a month to month lease, paying $3650/month. The 3rd floor has a new boiler, and access to a large private roof deck, with spectacular views.
A strong retail environment and location, the improving rental marketplace allows potential upside for an investor seeking a long term hold. 684 Sixth Avenue is a well maintained building which has been owned by the same family for 41 years.
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