242 Tenth Avenue

Prime West Chelsea Location: Positioned on the northeast corner of West 24th Street and Tenth Avenue, 242 Tenth Avenue benefits from strong foot traffic, proximity to the High Line, and access to one of Manhattan’s most desirable residential and retail corridors.
Turnkey Mixed-Use Asset: Four-story, mixed-use building featuring one retail unit and six residential apartments, all of which are free-market units, providing operational flexibility and immediate upside.
Fully Renovated Residential Units: The residential component has undergone a comprehensive gut renovation, allowing ownership to achieve luxury-market rents with minimal near-term capital requirements.
Vacant Retail Opportunity: The ground-floor retail space, formerly occupied by Orchard Townhouse, will be delivered vacant, offering investors the ability to lease at market rents or reposition the space.
Unique Restaurant Features: The retail component includes charming outdoor garden seating and a separate building for takeout operations, enhancing tenant appeal and revenue potential.
High-End Investment Profile: Ideal for investors seeking a stabilized, luxury mixed-use asset with Tax Class 2B status, providing capped and predictable property tax increases, alongside limited capital expenditure requirements and strong long-term appreciation potential in a premier Manhattan submarket.

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