127 7th Avenue, New York, NY
127 7th Avenue, New York, NY
Chelsea
100% OCCUPIED BY UPS AND A BOUTIQUE NAIL SALON DURABLE IN-PLACE INCOME WITH A WALT OF OVER 13.5 YEARS
| Type | Retail Condominium |
|---|---|
| Neighborhood | Chelsea |
| Properties | One property |
| Lot Size | 6,075 Square Feet |
| Zoning Code | C6-3A |
Investment Highlights:
In-Place Leases with a WALT of ~14 Years: Located at the southeast intersection of West18th and 7th Avenue, 127 7th Avenue offers investors excellent in-place income from UPS and QQ Nails, a boutique nail salon with 27 locations.
Immediate NOI Upside: Real estate taxes account for 37% of EGI, well above market, presenting investors the potential to petition and lower the real estate taxes.
Prime Retail Corridor: 127 7th Avenue features 156’ of prime wraparound frontage in one of the city’s most dense residential corridors and surrounding retail neighbors include Williams Sonoma, EQ3, Motel Morris and Cafeteria.
Plethora Of Nearby Transportation: 127 7th Avenue is located just steps from the 1 train at 18th Street and is surrounded by the A, C, E, L, 1, 2, 3, and F/M trains along 14th Street.
Booming Location: Chelsea has emerged as one of the most desirable enclaves in New York City, offering residents and visitors alike unique shopping, entertainment and easy access to Union Square Park, Madison Square Park, and Chelsea Market.
Listing Contact Information
