358 West 23rd Street, New York, New York 10011

Property Description

Exceptional opportunity to own a premium commercial condominium in the heart of Prime Chelsea on Manhattan’s West Side. Offering approximately 3,300 SF of commercial space, this property enjoys outstanding visibility, heavy pedestrian and vehicle traffic, and an unbeatable location just moments from the High Line, West Side Highway, Chelsea Hotel, Flatiron District, The Standard Hotel, Gotham Comedy Club, and numerous world-renowned art galleries. Currently configured as a fully operational restaurant, the value lies in the real estate—not the restaurant business. All existing restaurant equipment, commercial kitchen infrastructure, walk-in cooler, bar, and related fixtures are included at no additional cost if desired. Alternatively, the space can be reconfigured for a wide variety of commercial uses, subject to applicable approvals. Property features include an expansive dining area, four-season enclosed rear garden/event space, fully equipped commercial kitchen, immaculate basement with private office, full bathroom, employee area, storage, multiple egresses, and an efficient layout suitable for retail, medical, office, showroom, gallery, wellness, hospitality, and many other commercial uses. Vacant possession at closing. Based on current market conditions, the property has an estimated rental potential of approximately $24,000 per month, making it an excellent opportunity for both owner-users and long-term investors. Rarely does a commercial condominium of this size, flexibility, and location become available in one of Manhattan’s most sought-after neighborhoods.