Emmetsberger and Ciraulo of Cushman & Wakefield selected to market sale of 46 Wesr 21st Street

Manhattan, NY Cushman & Wakefield’s Brock Emmetsberger and John Ciraulo have been retained on an exclusive basis to market 46 West 21st St., a mixed-use property located between Fifth Ave. and Avenue of the Americas in the Flatiron/Chelsea neighborhood. The five-story building is 25’ wide and contains approximately 8,950 s/f. It is comprised of two ground-floor retail stores, a commercial office unit and an apartment on the second floor, floor-through apartment units on the third through fifth floors, and an additional spacious basement. The building offers approximately 14,050 s/f of unused air rights, however, any future development would be subject to Landmarks approval. The property can be delivered vacant upon sale. “The area is seeing a meeting of the 21st century tenant giants – tech and fitness. This new merged identity of “Silicon Alley” and the “Fitness District” is proving to be highly desirable to tenants and new business,” said Emmetsberger. “It won’t be a surprise if the ground-floor retail attracts a fitness concept.” The Flatiron/Chelsea submarket has experienced an influx of creative companies, affluent residents and flourishing commercial and retail amenities. The property can be accessed via the 1, F, M, N and R train lines at various 23rd Street stations or the 1 train at 18th Street. “It’s become a true 24/7 neighborhood. What was long known as a prime destination for shopping, nightlife, iconic architecture and offices for tech startups has grown to become a world class residential community,”said Ciraulo. “46 West 21st is an opportunity to capitalize on that momentum.”