Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
509 W 23rd Street
Active For Sale Multi Family

$6,999,000

$2,059 per sq ft

509 W 23rd Street

Chelsea, Manhattan

MLS® #RLS20050229

RLS at REBNY

Listing by Keller Williams NYC

Studio

0

Bath

3,400

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 0
Living Area 3,400 sq ft
Lot Size 1,480 sq ft
Year Built 1910
Ownership None
Property Taxes $19,644/yr
Neighborhood Chelsea

Property Highlights

  • Views: City, Neighborhood
  • Character: Pre-war building (1910)

Property Details

Type Multi Family
Ownership None
Total Rooms 12
Baths 0 Full
View City, Neighborhood
Pets CatsOk, DogsOk
Year Built 1910
Living Area 3,400 sq ft
Structure Type MultiFamily,MixedUse,Townhouse
Flooring Hardwood
Furnished Unfurnished
Basement Full
Lot Size 1,480 sq ft
Parcel # 0695-0030
Block/Lot 00695/0030

Description

Entire Mixed-Use Building for Sale – Prime West Chelsea, Directly on the High Line A rare offering in the heart of West Chelsea’s gallery district, this mixed-use building presents an exceptional opportunity combining residential stability, commercial visibility, and long-term investment potential. Positioned directly alongside the High Line, the property benefits from constant foot traffic, strong demand, and unparalleled neighborhood amenities. Property Overview Located directly adjacent to the High Line, the lot measures 20 feet by 74 feet with a total lot size of 1,480 square feet. The building contains approximately 3,400 square feet and features three residential units and a sizeable ground-floor retail and commercial space. Built in 1910, the property blends historic character with adaptability for modern use. Building class: Certificate of Occupancy, Three Families with Commercial Space. Commercial Space Ground floor: 700 square feet Private outdoor patio: 700 square feet Basement: 300 square feet Frontage: 15 feet The commercial space is a clean vanilla box configuration located directly below the 23rd Street entrance to the High Line. Features include a private rear patio and garden, HVAC and MEPs in good working condition, a restroom in place, and suitability for any dry-use operator. Outdoor Spaces The property includes a roof deck positioned approximately 15 feet above the High Line with strong southern views, as well as a private rear garden measuring roughly 33 feet by 19 feet. Highlights Three residential apartments provide consistent income, while the expansive retail space delivers prime exposure for galleries, boutiques, or hospitality concepts. The building is steps from major cultural anchors including the Whitney Museum, the High Line, world-class galleries, luxury developments, and the Meatpacking District. Both the High Line-facing roof deck and the private rear garden are exceptionally rare amenities in this corridor. Strong retail demand and continued neighborhood growth further elevate the investment profile. Transportation Close proximity to the C and E trains at 23rd Street offers convenient access to Midtown, Downtown, and the wider Manhattan transit network. Summary This is a rare opportunity to acquire a full mixed-use building in one of Manhattan’s most desirable and culturally significant neighborhoods. The property has received multiple upgrades, with full details available upon request. It is ideal for investors, developers, or end-users seeking long-term value in a premier High Line location. Rent roll available upon request

Features & Amenities

Interior Features

In Unit Flooring: Hardwood

Building Amenities

Closed Circuit Cameras Fire Escape

Building Information

Total Units 3
Stories 4
Structure MultiFamily,MixedUse,Townhouse

Financial Details

RE Taxes $19,644/yr ($1,637/mo)
Original Price $10,000,000
Previous Price $7,400,000

Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood seamlessly blends industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside charming pre-war lofts and historic townhouses in the Chelsea Historic District.

Chelsea Live Market Data

View Neighborhood

Active Listings

247

Median Asking Price

$2.29M

Median $/Sqft

$1,968

Avg Days on Market

N/A

New This Week

15

Price Reduced

31%

Sold (30 Days)

33

Median Sale Price

$2.15M

Live data from RLS at REBNY • Updated 2/16/26, 4:22 PM EST

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Location

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509 W 23rd Street, Chelsea, New York County

MLS® ID: RLS20050229
First Listed: 9/22/2025
On Market: 9/22/2025
Price Changed: 1/13/2026
Contract Date: 9/22/2025

Listing Courtesy of Keller Williams NYC - Andrew P Ziff

Listing Contact: (917) 468-7477

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 9:22 PM UTC

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