Eastern Consolidated retained to sell 34 West 17th Street

Eastern Consolidated has been retained as the exclusive broker to market for sale 34 West 17th St., a 10-story loft building exceptionally well-located in the Flatiron/Chelsea District. This offering presents investors with the unique opportunity to acquire and redevelop an extraordinary pre-war asset that will be delivered nearly vacant, and is suited for residential, office, retail, or user redevelopment. Located mid-block on 17th St. between Fifth and Sixth Aves., this architecturally beautiful building is just steps from shopping, restaurants, iconic neighborhoods, and cultural destinations. The 27,081 s/f building includes an expansive retail component on the ground floor and basement, and soaring ceiling heights over 16 ft. on the ground floor and over 12 ft. on the upper floors. Additionally, nearly every major subway line is easily accessible in the immediate area. The property is currently all but vacant, with its final lease set to expire in October. "It's rare to find an opportunity of this caliber in this neighborhood," said Ron Solarz, principal and executive managing director at Eastern Consolidated, who along with financial analyst Chris Matousek represents the seller on an exclusive basis. "The prime location and as-of-right nature of the property for multiple uses makes this ideally suited for redevelopment."