Condo Office in Chelsea for Sale
Top-Floor Office Ready For Sale in Chelsea. Though not an area known for financial outfits, this 5,500 half-floor, 16th-floor penthouse office with light remodeling needs, won’t last long in this location. Centrally located on 7th Avenue and 18th Street, a long row of window-adorned offices guide a collection of central cubicles just outside. Redone in the mid-2000s, the office is wired for full-scale telecoms with televisions and trading screens inside each designated office. Last purchased for similar purposes at the end of the tech bubble – and leased until just recently – with a rebounding economy, this condo buy is the perfect investment for a hedge fund, the satellite office of an investment bank or a small global investment consulting firm.
With a small kitchen, a dedicated reception area, and two shared bathrooms off the elevator bank, the seller offers light renovation with the building’s contractor or a small construction allowance for new paint and a potential re-installation of fresh carpet. Two glassed-in conference rooms abut both the North and South ends of the office with views uptown and downtown, while the West Side office bank offer a gorgeous glimpse of the Hudson River. In a Class-B Building, the lobby features a newly completed, multimillion dollar refinished lobby and 24-hour security.
In a trendy area that commands high rents and mortgages, a quick deal will guarantee a fair price, possibly a bit below market. For cash-strapped companies with growth prospective, renting out a small bay of offices in the back of the space is a possibility to offset costs. This possibility won’t be difficult in a neighborhood with good access to public transportation, a deluge of new bistros and bars, and a charming walk to the Hudson.
| SIZE | BASE RENT |
|---|---|
| 5,500sq ft | Request |
For Sale
Type
Office
Sharon Feldman
212-967-3354
Email
John Bruce
212-967-3354
Email
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