509 W 23rd Street UNIT
$6,400,000
MLS# RLS20126263 · Chelsea
Listed November 11, 2026 · New today
0 Beds 4 Baths 3,400 Sq.Ft.
About This Property
Entire Mixed-Use Building for Sale – Prime West Chelsea, Directly on the High Line
A rare offering in the heart of West Chelsea’s gallery district, this mixed-use building presents an exceptional opportunity combining residential stability, commercial visibility, and long-term investment potential. Positioned directly alongside the High Line, the property benefits from constant foot traffic, strong demand, and unparalleled neighborhood amenities.
Property Overview
Located 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 contains approximately 3,400 square feet and features three residential units and a sizeable ground-floor retail and commercial space. Built in 1910, the property blends historic character with adaptability for modern use. Building class: Certificate of Occupancy, Three Families with Commercial Space.
Commercial Space
Ground floor: 700 square feet
Private outdoor patio: 700 square feet
Basement: 300 square feet
Frontage: 15 feet
The commercial space is a clean vanilla box configuration located directly below the 23rd Street entrance to the High Line. Features include a private rear patio and garden, HVAC and MEPs in good working condition, a restroom in place, and suitability for any dry-use operator.
Outdoor Spaces
The property includes a roof deck positioned approximately 15 feet above the High Line with strong southern views, as well as a private rear garden measuring roughly 33 feet by 19 feet.
Highlights
Three residential apartments provide consistent income, while the expansive retail space delivers prime exposure for galleries, boutiques, or hospitality concepts. The building is steps from major cultural anchors including the Whitney Museum, the High Line, world-class galleries, luxury developments, and the Meatpacking District. Both the High Line-facing roof deck and the private rear garden are exceptionally rare amenities in this corridor. Strong retail demand and continued neighborhood growth further elevate the investment profile.
Transportation
Close proximity to the C and E trains at 23rd Street offers convenient access to Midtown, Downtown, and the wider Manhattan transit network.
Summary
This is a rare opportunity to acquire a full mixed-use building in one of Manhattan’s most desirable and culturally significant neighborhoods. The property has received multiple upgrades, with full details available upon request. It is ideal for investors, developers, or end-users seeking long-term value in a premier High Line location.
Rent roll available upon request
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Keller Williams NYC.
Three residential units, a ground-floor commercial space and a rear garden share this 1910 building at 509 West 23rd Street in Chelsea. The 3,400 square feet are split between apartments and a commercial floor, so the building works in more than one way from the start.
The listing includes a washer and dryer in the unit, so laundry stays at home. It also lists hardwood floors and city, neighborhood and skyline views. I like that the laundry is already handled, since that's one fewer thing to plan around in a building with several uses. The rest of the setup is already in place.
Outside, the private rear garden measures roughly 33 by 19 feet. In Manhattan, a private garden is a meaningful thing to have, whether for sitting outside or simply having green space nearby.
A roof deck sits about 15 feet above the High Line and has southern views.
The High Line is about a minute's walk, and Chelsea Park is about 5 minutes away. The C and E trains at 23rd Street are about 10 minutes on foot. Lisson Gallery and Marianne Boesky Gallery are each about a minute away, and the Hudson River is about 5 minutes.
The ground-floor commercial space is 700 square feet with 15 feet of frontage. It sits directly below the 23rd Street entrance to the High Line. The listing describes it as a clean, open box with a restroom in place, HVAC and MEPs in good working condition, and a private rear patio. It also adds 300 square feet of basement space.
The listing notes that cats and dogs are allowed. If the commercial floor is part of your plan, it's worth seeing the frontage and the rear patio in person to judge how they'd work for you.
Quick answers+
Does the building have in-unit laundry?
Yes, a washer and dryer are in the unit.
Is there private outdoor space?
Yes. There is a private rear garden of roughly 33 by 19 feet and a roof deck about 15 feet above the High Line with southern views.
Are pets allowed?
Cats and dogs are allowed.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Cats and dogs allowed
Home features
- Washer/dryer in unit
- Hardwood floors
- City view
- Neighborhood view
- Skyline view
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$33,999 / month
- Principal and interest$32,362
- Property taxes$1,637
Due at closing
- Down payment (20%)$1,280,000
- NYS “mansion tax” (2.25%)$144,000
- Mortgage recording tax (1.925%)$98,560
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
Location & Nearby
Map
Loading map…
509 W 23rd Street UNIT
Subway
- CE23 StAbout 10 min walk
Parks
- The High LineAbout 1 min walk
- Chelsea ParkAbout 5 min walk
- Bella Abzug ParkAbout 13 min walk
Public schools · Elementary schools
- P.S. 33 Chelsea PrepAbout 6 min walk
- P.S. 11: The Sarah J. Garnet Elementary SchoolAbout 9 min walk
Middle schools
- New York City Lab Middle School for Collaborative StudiesAbout 10 min walk
High schools
- Manhattan Business AcademyAbout 9 min walk
- James Baldwin School, The: a School for Expeditionary LearningAbout 9 min walk
Colleges & universities
- Fashion Institute of TechnologyAbout 14 min walk
- Pratt InstituteAbout 20 min walk
- CUNY School of Professional StudiesAbout 20 min walk
- Mercy UniversityAbout 24 min walk
Museums
- Chelsea Art MuseumAbout 4 min walk
- National Museum of MathematicsAbout 16 min walk
- Poster HouseAbout 17 min walk
- Yeshiva University MuseumAbout 23 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
The Neighborhood
About Chelsea
Manhattan's premier arts district offering contemporary residences, gallery culture, and the iconic High Line.
Walkability
10/10
Public transit
9/10
Schools
7/10
Dining
10/10
Groceries & parks
8/10
Schools in Chelsea
Strong private school presence with access to some of Manhattan's most innovative educational programs.
Private schools in the area include Avenues: The World School.
Gallery
Property Photos
Listing Courtesy of Keller Williams NYC
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.