Office Space Available at 305 Seventh Avenue
$3,200,000
305 Seventh Avenue, New York, NY 10001
6,300 SF
Square Feet
$508
PPSF
Property Description
Available for purchase is the entire 4th Floor of 305 Seventh Avenue, a commercial condominium office building located in the heart of Chelsea. This unit offers +/- 6,300 square feet of white-box space boasting polished concrete flooring, finished exposed 11' 6" ceilings, and upgraded lighting throughout.
The location of 305 Seventh Avenue is prime due to its proximity to Penn Station, Port Authority, Path train, and the plethora of subway lines for unparalleled access and convenience. Situated on the corner of 27th Street opposite of the Fashion Institute of Technology, other neighborhood highlights include Wholefoods, Ace Hotel, and Madison Square Garden.
This is a sale of real property by a Chapter 11 debtor in bankruptcy. Any sale remains subject to Court approval and the seller's receipt of higher or better offers.
Property Details
Asset Type
Office
Year Built
1920
Neighborhood
Chelsea
Submarket
New York
ZIP
10001
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$182,036
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$15,170
Annual Debt Service
$182,036
View on Map
Address
305 Seventh Avenue
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New York Office Market Snapshot
Boundary boundary · Office · Sale
No investors found in this market.