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189 9th AveNew York, NY 10011
189 Ninth Avenue
Asset ClassRetail
overview of deal

Overview

The New York Multifamily Team is pleased to exclusively offer for sale 189 Ninth Avenue, located in the heart of the Chelsea neighborhood. Situated between West 21st and West 22nd Streets along one of Manhattan’s most active retail corridors, this two-story mixed-use building is comprised of approximately 1,964 square feet and sits on an 19’ x 65’ lot (Block 719, Lot 41). Built in 1910 and constructed of masonry, the property is zoned R7B with a C2-5 commercial overlay.

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Investment Highlights

• Building Overview: 189 Ninth Avenue is configured as a two-story retail building with full commercial use. The building contains one commercial unit and offers flexibility for an owner-user or investor seeking stable income in a high-demand submarket. The layout supports a variety of uses including restaurant, boutique retail, gallery, fitness, or specialty food concepts.

• Prime Chelsea Location: Located between West 21st and West 22nd Streets, the property sits in the center of Chelsea’s vibrant retail corridor. The immediate area benefits from strong residential density, destination dining, art galleries, and boutique shopping. The High Line, Chelsea Market, and Hudson Yards are all within walking distance, driving consistent pedestrian traffic throughout the week.

• Flexible Delivery & Tenant Strength: The property can be delivered vacant, providing an ideal opportunity for an owner-user or investor to reposition the asset, or a new lease can be negotiated with the current tenant. The existing tenant operates five additional locations and offers strong credit and established operations, presenting a stable income opportunity for investors seeking secure retail tenancy in a prime Chelsea.

• Transportation & Accessibility: Conveniently located near the 1, C, and E trains at 23rd Street, as well as the M11 bus along Ninth Avenue and the M23 crosstown bus, providing seamless access throughout Manhattan.

189 9th AveNew York, NY 10011

Deal Team

Joe KoicimExecutive Managing Director(212) 430-5147jkoicim@mmreis.com
Luca Errico Associate Investments(212) 430-5202lerrico@mmreis.com
Logan MarkleyManaging Director of Brokerage(212) 430-5194lmarkley@mmreis.com
Scott PlaskySenior Managing Director(212) 430-5229splasky@mmreis.com

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