532 West 20 Street   Unit HOUSE

The site provides an exceptional luxury development located on one of the world's most prestigious gallery districts. Situated amongst "architect's row" while still within a stone's throw of the Chelsea Historic District to the east, 532 West 20th Street represents an incredible chance to create a boutique condominium in a Manhattan neighborhood that joins modern amenities and an old world charm. The site is currently improved by a 4,600 SF single-story warehouse building with 50' of frontage and an existing curb cut, providing an option for a parking amenity for the newly constructed building. The warehouse is currently being leased out for $450,000 NNN annually which will provide cash flow as buyer begins the development process. With a light and air easement to the south, a developer will benefit from protected sight lines and strong natural light. Potential views on upper floors will reach the Hudson River to the west, lower Manhattan to the south, and Midtown landmarks such as the Empire State Building to the north.