Cushman & Wakefield announced today that it is marketing a luxury residential building at 146 & 148 West 28th Street. The 28,072 square foot, 12-unit boutique recently underwent an intensive capital improvement program, including a comprehensive renovation of nine apartments, entrance and lobby improvements, addition of an illuminated retail canopy, modernization of elevator cabs and boiler replacement.
Located on 28th Street between Sixth and Seventh Avenues, residents at the property have immediate access to both Chelsea and NoMad, two of Manhattan’s most favorable and fashionable 24/7 communities. The property features only three- and four-bedroom units and can cater directly to increased demand for larger apartments in an area that is quickly becoming more family-oriented. The apartments offer the privacy and exclusivity of direct in-unit elevator access, with renovated units fit-out with only top-of-the-line finishes and fixtures.
The property will also provide an investor with the flexibility to create additional value through multiple strategic avenues, including completing the unit renovation program, condo conversion, unit combination or townhome creation, all of which would be supported by a stable income stream.
A Cushman & Wakefield New York Capital Markets team of Nat Rockett, Helen Hwang and Brian Szczapa are marketing the site.
“From its unique location that provides immediate access to both the established, cultural appeal of Chelsea and the emergence of NoMad, to its fundamental physical and investment strengths, 146 & 148 West 28th Street is a gem with all the features of a truly great opportunity,” said Rockett, an Executive Vice President.
The property offers immediate access to the best both Chelsea and NoMad have to offer, located within steps of cherished amenities, such as Madison Square Park, the Ace Hotel and Eataly. It is also centrally located within walking distance from Penn Station and Herald Square, providing the benefits of two of the most convenient transportation hubs in New York with access to 12 additional subway lines, Amtrak, New Jersey Transit, the PATH train and the Long Island Rail Road.