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511 W 20th St

Chelsea, New York, NY
Floors
5
Total Size
9,250 sqft
Lot Size
0 acres
Year Constructed
1920
Year Renovated
0
Number of Buildings
1

About 511 W 20th St

The low-rise building at 511 West 20th Street in West Chelsea is situated along the elevated urban park known as the High Line. The 5-story building was constructed in 1920, and is a mixed-use residential building with one floor of retail space for rent.

Located on the ground floor, 1,500 square feet of retail space has 10’ high ceilings and 10 feet of frontage. The unit has an open floor plan, concrete flooring, and exposed ceilings. All uses will be considered.

The building stand right beside the High Line, a popular destination for locals and office workers, just across the street from the West 20th entrance. Signage potential is available for the side of the building that faces the High Line.

The lively and vibrant Chelsea micro market is an excellent location for retail interests. The area has seen a great deal of both commercial and residential growth. It is close to Greenwich Village, Gramercy Park, the Midtown Manhattan CBD, Murray Hill, SoHo, and TriBeCa.

The historical brick structure has attractive trim, including a bright red fire escape and matching doors at each floor. Easy access to and lovely views of the High Line make this a prime retail spot.

Internet Providers for 511 W 20th St

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: Chelsea

The typical asking rate per listing is in the $60's per square foot per year. The Chelsea submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 8% increase in rent.

Compared to the rest of the New York City market, the Chelsea region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Median Rate Median Size
Chelsea $69
/sqft/yr
3,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,330
sqft

Median Rate over Time in Chelsea