Prime Development Site in West Chelsea at 130 10th Avenue
$29,900,000
130 10th Avenue, New York, NY 10011
Property Description
PRIME INVESTMENT OPPORTUNITY IN WEST CHELSEA/HIGHLINE DISTRICT. CORNER PROPERTY AND TWO ADJOINING PROPERTIES.
130 TENTH AVE.
132 TENTH AVE.
134 TENTH AVE.
CAN BE DELIVERED VACANT. APPROX. 39K BUILDABLE. BUILDINGS ARE FULLY RENOVATED. UNDERBUILT. AMAZING LOCATION AND OPPORTUNITY. CONDO DEVELOPMENTS WITH PRICING PER SQUARE FEET OF $5K PLUS. SURVEY AVAILABLE.. AND ZFA ANALYSIS. BUILDING HAS REMEDIATED ALL LEAD AND HAS DONE BORING TESTS.
Development Opportunity in West Chelsea Manhattan
3 Building Assemblage Delivered Vacant, All Free Market
West Chelsea, located on Manhattan’s far west side, is a vibrant neighborhood known for its thriving contemporary art scene and dynamic waterfront developments. Anchored by the High Line, a former rail line transformed into a celebrated elevated park, the area offers a unique blend of modern residential buildings and repurposed industrial spaces. Art galleries, design studios, and creative hubs reinforce West Chelsea’s reputation as a center for artistic innovation. The neighborhood’s proximity to Hudson River Park and Chelsea Piers enhances its appeal, offering residents ample outdoor recreational activities like waterfront walks, cycling, and sports facilities. With a variety of trendy eateries, upscale restaurants, and scenic views, West Chelsea provides a cosmopolitan lifestyle where art, culture, and outdoor living converge in one of New York City’s most exciting areas.
Approximately 39,000 BSF
70’ of Frontage off the corner of W 18th Street, Zoning R8A, C2-5
1. 130 Tenth Ave., aka 461-463 W 18thstreet(Corner), 25 x 75, Block 00716, Lot 0001
2. 132 Tenth Ave., 22 x 75, Block 00716, Lot 0002
3. 134 Tenth Ave., 22 x 100, Block 00716, Lot 003
Asking price of $30M
Condo. Comps of $5000 + in immediate area.
Zoning analysis done, remediation of lead in buildings, boring done/phase 1.
Call Tom Modine
Live It Up LLC.
646-610-1899
Property Details
Asset Type
Development Site
Neighborhood
Chelsea
Submarket
New York
ZIP
10011
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$1,700,895
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$141,741
Annual Debt Service
$1,700,895
View on Map
Address
130 10th Avenue
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New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale
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