Commercial Condominium

AUCTION SALE DETAILS

Date of Auction:  July 29, 2026 @ 11:00 a.m. (EST)
Location: Online:  via Zoom (only those who qualify to bid will receive a link to bid at the Auction Sale)
Bid Deadline:  July 22, 2026 @ 4:00 p.m. (EST)
Minimum Bid:  $2,359,500
Required Deposit:  Five Percent (5%) of the initial purchase price set forth in the Modified Sale Agreement (see 'DOCUMENTS' section below for a true copy of the Modified Sale Agreement)
Bid Qualifications:  By the Bid Deadline defined above, each prospective bidder must conform to the requirements, terms, and conditions of the Proposed Bidding Procedures (see 'DOCUMENTS' section below for a true copy of the Proposed Bidding Procedures)

Summary

For auction is the entire 4th Floor (Units 4A & 4B) of 305 7th Avenue; a 20-story, Class B commercial building located in Manhattan's Chelsea neighborhood.  Defined by +/-6,300 of leasable space, this private, warm shell space offers immense potential for customization and adaptation to meet specific needs of your company.  Large and fast elevators open directly into the demised premises for ease of access.  

Details

✓ Commercial Condominium
✓ Total SF: +/-6,300
✓ Monthly Maintenance: $9,843.74
✓ White Box / Warm Shell Space
✓ 24-Hour Access
✓ Neighborhood: Chelsea
✓ Location: SE Corner of 7th Avenue & 27th Street
✓ Separately Metered for Electric
✓ Class B Building

Location

Ideally located in the Chelsea neighborhood of New York City and situated opposite the Fashion Institute of Technology (FIT) and just one block from the Port Authority, PATH Trains, and Whole Foods.

Transit / Subway

✓ 28th Street, 1 min. walk, 154 feet (1, 2)
✓ 23rd Street, 5 min. walk, 0.2 miles (PATH, A, C, E, F, M, 1, 2)
✓ 34th Street (Penn Station), 5 min. walk, 0.2 miles (Amtrack, LIRR, 1, 2, 3)

CAM & Assessments

✓ 2026 CAM: $7,211.13 / month
✓ Assessment 1: $373.50 / month (ongoing, instituted in January 2018 to cover a shortfall in operating expenses)
✓ Assessment 2: $1,659.98 / month (for heating gas conversion, ending in March 2027)
✓ Assessment 3: $966.00 / month (for facade work thru December 2027)

DISCLAIMER

All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information herein is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.