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140 West 22nd Street

Retail Condo Sold For $3,000,000 With Seller's Rep Michael Gembecki Bobby Carrozzo Robert Burton
SOLDRetail

Retail Condo Sold For $3,000,000 With Seller's Rep Michael Gembecki Bobby Carrozzo Robert Burton

140 West 22nd Street

$3,000,000

$714/SF

Building Size

4,200 SF

Asset Type

Retail

Closing

Jun 16, 2026

AI

A retail condo located at 140 West 22nd Street in the Chelsea market was sold for $3,000,000. The property encompasses 4,200 square feet, resulting in a price per square foot of $714. The asset was sold vacant and will serve as the buyer's NYC flagship store.

Summary of transaction details:

The C&W Team reported significant user activity for the property prior to the sale. The buyer intends to occupy the space for their flagship operations in New York City, highlighting the intended use of the retail condo.

Players

Michael Gembecki

Cushman & Wakefield

Broker

$449.8M

vol

35 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93