358 W 23rd St, New York, NY, 10011
About This Home
Exceptional opportunity to own a premium commercial condominium in the heart of Prime Chelsea on Manhattan’s West Side. Offering approximately 3,300 SF of commercial space, this property enjoys outstanding visibility, heavy pedestrian and vehicle traffic, and an unbeatable location just moments from the High Line, West Side Highway, Chelsea Hotel, Flatiron District, The Standard Hotel, Gotham Comedy Club, and numerous world-renowned art galleries. Currently configured as a fully operational restaurant, the value lies in the real estate—not the restaurant business. All existing restaurant equipment, commercial kitchen infrastructure, walk-in cooler, bar, and related fixtures are included at no additional cost if desired. Alternatively, the space can be reconfigured for a wide variety of commercial uses, subject to applicable approvals. Property features include an expansive dining area, four-season enclosed rear garden/event space, fully equipped commercial kitchen, immaculate basement with private office, full bathroom, employee area, storage, multiple egresses, and an efficient layout suitable for retail, medical, office, showroom, gallery, wellness, hospitality, and many other commercial uses. Vacant possession at closing. Based on current market conditions, the property has an estimated rental potential of approximately $24,000 per month, making it an excellent opportunity for both owner-users and long-term investors. Rarely does a commercial condominium of this size, flexibility, and location become available in one of Manhattan’s most sought-after neighborhoods.
Getting Around
Walker's Paradise
Rider's Paradise
Biker's ParadiseSchools
Construction
Condition
- Year built: 1910
Type & Style
- Home type: SingleFamily
Interior
Bedrooms & Bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Interior Area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
Property
Details
- Special condition: Resale
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Cold Wave
- Heat Wave
- Strong Wind
- Winter Weather
- Hurricane
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New York County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,099 | $133,188 |
| Home Insurance * | $757 | $9,084 |
| Property Taxes | $1,298 | $15,576 |
| Electricity | $545 | $6,544 |
| Total | $13,699 | $164,388 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-20 | Listed for sale | $2,195,000 |
| 2024-09-10 | Listing removed | $2,195,000 |
| 2024-07-15 | Price change | $2,195,000 |
| 2024-06-11 | Price change | $2,495,000 |
| 2024-06-07 | Price change | $2,695,000 |
| 2024-05-30 | Listed for sale | $1,695,000 |
| 2021-10-01 | Listing removed | -- |
| 2021-01-05 | Price change | $2,550,000 |
| 2020-07-22 | Listed for sale | $2,795,000 |
| 2020-06-19 | Listing removed | $2,995,000 |
| 2020-05-26 | Listed for sale | $2,995,000 |
| 2020-03-10 | Listing removed | $2,995,000 |
| 2020-01-08 | Listed for sale | $2,995,000 |
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