509 W 23rd St
New York, NY 10011
Multifamily Property For Sale · 4 Units

509 West 23rd Street
Prime West Chelsea Mixed-Use Building – Directly on the High Line
Asking Price: $7,900,000
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: C0, 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.