Emmetsberger of Cushman & Wakefield chosen to market retail cooperative at 143 West 19th Street

Manhattan, NY Cushman & Wakefield has been retained on an exclusive basis to sell a retail cooperative leasehold at 143 West 19th St. The property is located between Sixth and Seventh Aves. in the Chelsea neighborhood. The 62-year leasehold is for three ground floor units measuring approximately 8,500 s/f. The units benefit from approximately 12’ high ceilings and 120’ of frontage on West 19th St. Additionally, there is basement storage space. A portion of the property can be delivered vacant by the end of the year and is an ideal opportunity for both investors and end-users alike. “This retail property presents an opportunity that is unheard of in this market – a potential 5.5% cap rate once leased out at market rate,” said Cushman & Wakefield’s Brock Emmetsberger, who is exclusively marketing this property.