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For Sale

159 West 23rd Street

159 West 23rd Street, New York, NY 10011

BKREA has been exclusively retained to arrange the sale of 159 West 23rd Street (the “Property”), a five-story, mixed-use building located on the north side of West 23rd Street between Sixth and Seventh Avenues in Manhattan’s vibrant Chelsea neighborhood. The Property comprises six residential units and one retail unit. The retail unit spans the entire ground floor, the second floor, and a portion of the lower level. The retail space is occupied by Inked, a popular tattoo parlor, whose lease expires in May 2034. The building contains approximately 8,948 gross square feet (per a survey available in the data room) and is situated on a 2,452-square-foot lot with 25 feet of frontage. Of the six residential units, three (50%) are free-market units, one (16.67%) is rent-stabilized and currently occupied, and two (33.33%) are rent-stabilized and vacant. The documentation has been thoroughly reviewed by K&F PLLC, a leading landlord and tenant law firm. Their analysis is available in the data room. The residential component consists predominantly of two-bedroom apartments, along with one three-bedroom unit and one one-bedroom unit. From a development perspective, the air rights are not included in the offering, as ownership has already transferred them. Ideally situated in the heart of Chelsea, the Property is well-positioned to benefit from the neighborhood’s strong and enduring demand drivers. Chelsea is a premier retail corridor and cultural hub, home to some of Manhattan’s most sought-after amenities, including Madison Square Park, the High Line, and Chelsea Market. The Property also offers excellent connectivity throughout Manhattan and the outer boroughs via multiple nearby subway lines, including the 1 line at 23rd Street / Seventh Avenue and the F and M lines at 23rd Street / Sixth Avenue. 159 West 23rd Street represents a compelling opportunity for investors seeking stable cash flow and entry into a high–barrier-to-entry market.BKREA has been exclusively retained to arrange the sale of 159 West 23rd Street (the “Property”), a five-story, mixed-use building located on the north side of West 23rd Street between Sixth and Seventh Avenues in Manhattan’s vibrant Chelsea neighborhood. The Property comprises six residential units and one retail unit. The retail unit spans the entire ground floor, the second floor, and a portion of the lower level. The retail space is occupied by Inked, a popular tattoo parlor, whose lease expires in May 2034. The building contains approximately 8,948 gross square feet (per a survey available in the data room) and is situated on a 2,452-square-foot lot with 25 feet of frontage. Of the six residential units, three (50%) are free-market units, one (16.67%) is rent-stabilized and currently occupied, and two (33.33%) are rent-stabilized and vacant. The documentation has been thoroughly reviewed by K&F PLLC, a leading landlord and tenant law firm. Their analysis is available in the data room. The residential component consists predominantly of two-bedroom apartments, along with one three-bedroom unit and one one-bedroom unit. From a development perspective, the air rights are not included in the offering, as ownership has already transferred them. Ideally situated in the heart of Chelsea, the Property is well-positioned to benefit from the neighborhood’s strong and enduring demand drivers. Chelsea is a premier retail corridor and cultural hub, home to some of Manhattan’s most sought-after amenities, including Madison Square Park, the High Line, and Chelsea Market. The Property also offers excellent connectivity throughout Manhattan and the outer boroughs via multiple nearby subway lines, including the 1 line at 23rd Street / Seventh Avenue and the F and M lines at 23rd Street / Sixth Avenue. 159 West 23rd Street represents a compelling opportunity for investors seeking stable cash flow and entry into a high–barrier-to-entry market.
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Contacts

broker
Bob Knakal

BKREA

Building Details

  • For Sale $7,250,000
  • Property Type Other
  • Property Size 8,948 SF
  • Lot Size 0.21 Acre
  • Date Updated Jun 6, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Walker's Paradise (98)
  • Transit Score ®

    Rider's Paradise (100)
  • Bike Score ®

    Biker's Paradise (94)
Powered by Walk Score ®

Location

  • City New York, NY
  • Neighborhood Chelsea
  • Zip Code 10011
  • Market Manhattan

Points of Interest

Broadway & 23rd Street at Northeast Corner

0.36 miles

Broadway & 23rd Street at Southeast Corner

0.36 miles

No. 2 Penn Plaza Entrance

0.43 miles

33rd Street

0.44 miles

Moynihan Train Hall

0.46 miles

7th Avenue & 33rd Street at Northwest Corner

0.48 miles

33rd St / 7th Av

0.52 miles

34th Street & Broadway at Northwest Corner

0.54 miles

Union Square

0.69 miles

ChargePoint

0.20 miles

Mobil

0.58 miles

BP

1.22 miles

Citgo

2.31 miles

Gulf

2.33 miles

Sonamax

2.62 miles

Vincent 15 Parking LLC

0.41 miles

City Parking

0.46 miles

SP+

0.48 miles

MPG Manhattan Parking: MP Hudson

0.75 miles

Red Ball Garage

0.76 miles

Select Garages

0.77 miles

Icon

0.83 miles

Lot 9

0.83 miles

iClean

2.55 miles

Millionaire Driving

0.37 miles

Best Car Deals NY

0.39 miles

Auto Broker New York

0.44 miles

Zipcar

0.75 miles

Budget

0.76 miles

Prestige Car Rental

0.80 miles

Avis

0.80 miles

Action Car Rental

0.87 miles

Dollar

0.93 miles

Excellent Dumpling House

0.02 miles

Wrapido

0.03 miles

Bella Napoli

0.07 miles

Johny's Luncheonette

0.10 miles

Dunkin'

0.10 miles

Limón Jungle

0.10 miles

Great Burrito

0.11 miles

Memo Shish Kebab

0.12 miles

Rare Bar and Grill

0.12 miles

Whole Foods Market

0.08 miles

Burlington

0.12 miles

Trader Joe's

0.16 miles

Fairway Market

0.17 miles

Gristedes

0.25 miles

Marshalls

0.27 miles

TJ Maxx

0.27 miles

Barneys New York

0.34 miles

Muji

0.34 miles

Duane Reade

0.15 miles

CVS Pharmacy

0.16 miles

MedRite Urgent Care

0.17 miles

New London Pharmacy

0.21 miles

NYPD 10 PCT

0.21 miles

FDNY Engine 3/Ladder 12/Battalion 7

0.23 miles

Bio Care Pharmacy

0.23 miles

CityMD

0.23 miles

Walgreens

0.24 miles

159 West 23rd Street Listing Summary

  • What is the asking price at 159 West 23rd Street?

    159 West 23rd Street is currently listed for sale at Contact for pricing.

  • What is the total size of 159 West 23rd Street?

    159 West 23rd Street has a total of 8,948 square feet.

Contact Listing Broker
broker
Bob Knakal

BKREA

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