357 West 16th Street
New York, NY
Overview
- Asking Price $7,995,000
- Cap Rate 7.6%
- Total Square Footage 3,496 SF
- Neighborhood Chelsea/Meatpacking
Avison Young, as exclusive agent, is pleased to offer for sale 357 West 16th Street, a 3,496 SF two-story single-tenant net-leased property on the border of Manhattan’s Chelsea and Meatpacking submarkets. Currently in the second year of a 10-year NN lease to La Victoria - a high-end nightlife concept out of Miami- this asset represents a rare opportunity to acquire a turnkey, cash-flowing investment in one of Manhattan’s most supply-constrained and lively entertainment corridors.
Long-Term Net Lease Structure
Built-In Rent Appreciation
Superior Ceiling Heights & Layout
High-End “Turnkey” Hospitality Buildout
Proven Miami Concept
Strategically Located
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