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261 W 28th St
New York, NY 10001 Chelsea

$3,500,000 USD

Apartments Condo For Sale  •  1,400 SF

Property Details

  • Property Type Apartments
  • Total Building Size 58,194 SF
  • Lot Size 0.24 AC
  • Building Class B
  • Year Built 2006
  • Zoning C6-2A
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit Corner Retail 1,400 SF $3,500,000 USD
  • Unit Size: 1,400 SF
  • Condo Use: Retail
  • Price: $3,500,000 USD
  • Sale Type: Investment
  • Price/SF: $2,500.00 USD
Description
362 8th Avenue is a well-positioned mixed-use asset in the heart of Chelsea, one of Manhattan’s most active and resilient submarkets. The property benefits from exceptional transit access—just steps from Penn Station and multiple subway lines—driving consistent foot traffic and strong demand from both residents and retailers. Featuring a balanced combination of residential units and high-visibility ground-floor retail, the building offers stable in-place income with clear upside through strategic re-tenanting, modernization, and operational improvements. Surrounded by major commercial corridors, new 
development activity, and a dense local population, 362 8th Avenue stands as a durable investment opportunity in a high-growth, transit-oriented Manhattan location.

Sale Notes
Income: 
Tribeca Health (June 2028 LXP) $188,040
Tribeca Health (June 2028 LXP) $21,984
VACANT $192,000 
Tax Recovery $40,200
CAM Recovery $4,500 
Total Annual Income $446,724 

Expenses:
Taxes $102,653
CAM $49,664 
Insurance $4,046
Annual Expenses $156,363

Property Flyers

Amenities

  • Air Conditioning
  • Property Manager on Site
  • Doorman
  • On-Site Retail
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Roof Terrace
  • Elevator
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
3 min 3 min 0.1 mi
New York Penn Station (NJT) (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit)) 2 min 7 min 0.3 mi
Transit/SubwayDriveWalkDistance
28 Street (1,2 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway)) 1 min 4 min 0.2 mi
34 Street-Penn Station (A,C,E Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
New York Penn Station (NJT) (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit)) 2 min 7 min 0.3 mi
34 Street-Penn Station (1,2,3 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 2 min 9 min 0.4 mi
AirportDriveWalkDistance
LaGuardia 19 min - 9.5 mi
Newark Liberty International 20 min - 14.3 mi
John F Kennedy International 28 min - 17.5 mi
Marc Sitt 212-417-9217 Kassin Sabbagh Realty (KSR)
Marc Sitt 212-417-9217 Kassin Sabbagh Realty (KSR)