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

Team

Brent Glodowski

Brent Glodowski

Director
Avison Young - US - NY - New York
Lea Voytovich

Lea Voytovich