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509 West 23rd StreetNew York, NY 10011

For Sale

$8,700,000

Smart Buyer Rebate $108,750

Entire Mixed-Use Building for Sale – Prime West Chelsea, Directly on the High Line
Asking Price: $10,000,000

A rare investment opportunity in prime West Chelsea’s gallery district, this mixed-use property offers the perfect balance of residential, commercial, and lifestyle value. Positioned directly alongside the world-renowned High Line, the building delivers unmatched visibility, consistent foot traffic, and exceptional long-term growth potential.

Property Overview
Located in West Chelsea, 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 encompasses 3,400 square feet and includes three residential units along with a large ground-floor retail and commercial space. Built in 1910, the structure combines historic character with modern potential. Building class: C0, Three Families with Commercial.

Outdoor Spaces
The property includes a roof deck set approximately 15 feet above the High Line with dramatic southern-facing views, as well as a private 33 by 19 foot rear garden.

Highlights
Three residential apartments provide stable income, while the expansive retail or commercial space offers prime visibility for galleries, boutiques, or hospitality concepts. Perfectly situated in West Chelsea, steps from world-class art galleries, luxury developments, the Whitney Museum, and the Meatpacking District. Outdoor amenities include both a High Line-facing roof deck and a private garden, rare features in this location. Strong rental demand, a premier retail corridor, and continued neighborhood growth make this property an exceptional investment.

Transportation
Convenient access to the C and E trains at 23rd Street ensures quick connections to Midtown and Downtown Manhattan.

Summary
This is a rare chance to own a full mixed-use building in one of Manhattan’s most iconic cultural corridors. The property has undergone multiple upgrades, with full details available to interested clients. It is ideally suited for investors, developers, or end-users seeking long-term value in a prime High Line location.

Rent Roll upon Request

Listed by Andrew P Ziff

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Keller Williams NYC

·

(917) 468-7477

Listed by Andrea Cortese

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Keller Williams NYC

Last updated October 20, 2025

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Source: REBNY #RLS20050229

Listing Facts

  • TypeMulti-family
  • NeighborhoodChelsea
  • Days on Prevu30
  • Size3,400 sqft
  • Price per sqft$2,559

Amenities

  • Pets Allowed

Location

Mortgage Calculator

Listing History

10/20/2025
Price Decreased
$8,700,000
09/22/2025
Listed by Keller Williams NYC
$10,000,000

Estimated Closing Costs

Total
$378,380
Attorney Fees
$4,000
NYC Mansion Tax
$195,750
Title Insurance
$39,150
Bank Attorney
$1,500
Mortgage Recording Tax
$133,980
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $8,700,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 509 West 23rd Street

Exterior

Construction

  • Number Of Units Total: 3
  • Stories Total: 4
  • Structure Type: Multi Family, Mixed Use
  • Year Built: 1910

Features

  • View: City, Neighborhood

Measurements

  • Building Area Total: 3,400
  • Building Area Units: SquareFeet
  • Lot Size Area: 1,480
  • Lot Size Dimensions: 2,074
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 0695-0030

Interior

Features

  • Flooring: Hardwood

Measurements

  • Living Area: 3,400
  • Living Area Units: SquareFeet

Rooms

  • Rooms Total: 12

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Chelsea
  • Tax Block: 00695
  • Tax Lot: 0030

Utilities

Equipment

  • Laundry Features: In Unit

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.