Prime Chelsea Development Opportunity
Ariel Property Advisors presents 267-269 West 23rd Street, a prime Chelsea development site. The lot is 37.5’ x 98.75’ and is currently improved by a vacant, 6,218 sf two-story commercial building.
Prime location: Situated in the heart of Chelsea on West 23rd Street between Seventh and Eighth Avenues, the property offers exceptional accessibility with immediate proximity to multiple subway lines along 23rd Street, providing convenient access throughout Manhattan
Efficient Lot Configuration: Delivered free of tenancies and lease obligations, enabling immediate execution and streamlined development
Exceptional Connectivity & Amenities: Close proximity to multiple subway lines, the High Line, Hudson Yards, and major retail and dining
Favorable Zoning & Density: Zoned C2-7A with R9A residential equivalent allowing Standard FAR: 7.52 (≈27,959 BSF) and UAP FAR: 9.02 (≈33,536 BSF)
Ability to Increase Zoning Area: Air rights can be added to increase the allowable zoning envelope
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Land/Development |
| Price: | $13,500,000 |
| Building Size: | 33,536 Sq ft |
| Zoning Code: | C2-7A (R9A Resi Equivalent) |
| Opportunity Zone: | No |
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