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261 7th Avenue

Chelsea

New York, NY 10001

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Building Details

  • Walk Scoreยฎ98
  • Year Built1913
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  • Sample Units

    UnitSizePriceInquire
    Small2,500 sqftInquire for pricing
    Medium5,000 sqftInquire for pricing
    Large10,000 sqftInquire for pricing
    Whole Floor20,000 sqftInquire for pricing
    • 0.01 mi๐Ÿฅ˜Bella Napoli
    • 0.03 miโ˜•๏ธSeven Grams
    • 0.05 mi๐Ÿฅ˜Rare Bar and Grill
    • 0.06 mi๐ŸบSmithfield Hall
    • 0.06 mi๐ŸบBarcade
    • 0.08 mi๐Ÿฅ˜Pita Grill
    • 0.09 mi๐Ÿฅ˜Malibu Diner
    • 0.1 mi๐Ÿš‡123rd Street
    • 0.1 mi๐Ÿฅ˜Maruko Sushi & Tea
    • 0.11 mi๐Ÿ’ชMcBurney YMCA
    • 0.11 mi๐Ÿฅ˜Monster Sushi
    • 0.13 miโ˜•๏ธDoughnut Plant
    • 0.13 miโ˜•๏ธStarbucks
    • 0.13 mi๐Ÿ’ชPeleton
    • 0.13 miโ˜•๏ธGG Cafe
    • 0.15 mi๐ŸบRouge
    • 0.15 mi๐Ÿš‡128th Street
    • 0.16 miโ˜•๏ธThe Corner Cafe
    • 0.16 miโ˜•๏ธKoffeecake Corner
    • 0.16 mi๐Ÿฅ˜Blossom Dujour
    • 0.17 mi๐Ÿฅ˜Izumi
    • 0.17 mi๐Ÿฅ˜East of Eighth
    • 0.17 miโ˜•๏ธStarbucks
    • 0.17 miโ˜•๏ธBrooklyn Bagel & Coffee Company
    • 0.18 mi๐Ÿฅ˜Hee Korean BBQ Grill
    • 0.18 miโ˜•๏ธBean&Bean Coffee
    • 0.18 mi๐Ÿฅ˜Il Bastardo
    • 0.19 mi๐Ÿš‡FMPATH23rd Street
    • 0.19 miโ˜•๏ธStarbucks
    • 0.2 mi๐Ÿฅ˜Melt Shop
    • 0.2 miโ˜•๏ธCrumbcake Cafe
    • 0.2 mi๐Ÿฅ˜New Venus Restaurant
    • 0.2 mi๐Ÿฅ˜Momoya
    • 0.2 mi๐Ÿ’ชStudio Anya
    • 0.21 mi๐Ÿš‡CE23rd Street
    • 0.21 mi๐Ÿฅ˜Pita Pan Cafe
    • 0.21 miโ˜•๏ธJoe Pro Shop & Headquarters
    • 0.21 mi๐ŸบThe Storehouse
    • 0.21 mi๐ŸบFlatiron Hall
    • 0.21 mi๐Ÿฅ˜Taco Bandito
    • 0.21 miโ˜•๏ธPret A Manger
    • 0.21 mi๐Ÿฅ˜PitaCity
    • 0.21 mi๐Ÿ’ชMidtown Tennis Club
    • 0.21 mi๐Ÿฅ˜Kofoo
    • 0.21 miโ˜•๏ธMurray's Bagels
    • 0.21 mi๐ŸบThe Flatiron Room
    • 0.21 mi๐ŸบGrey Bar & Restaurant
    • 0.21 mi๐Ÿฅ˜Waldy's Woodfire Pizza & Penne
    • 0.21 mi๐Ÿฅ˜Thai Royal Siam
    • 0.22 mi๐Ÿฅ˜Hanjan
    • 0.22 mi๐Ÿฅ˜Five Guys
    • 0.22 mi๐ŸบHog Pit NYC
    • 0.22 mi๐Ÿฅ˜VLife NYC
    • 0.22 mi๐Ÿฅ˜Mulberry & Vine
    • 0.22 mi๐Ÿฅ˜Tappo
    • 0.22 mi๐Ÿฅ˜Olive Garden
    • 0.22 mi๐Ÿฅ˜Spice
    • 0.22 mi๐Ÿฅ˜Chop Shop II
    • 0.22 mi๐Ÿฅ˜Banana Leaf
    • 0.22 mi๐Ÿฅ˜Dalas BBQ
    • 0.22 miโ˜•๏ธStarbucks
    • 0.23 mi๐Ÿฅ˜Hill Country Barbecue Market
    • 0.23 mi๐Ÿฅ˜Momofuku Nishi
    • 0.23 mi๐Ÿฅ˜Tres Carnes
    • 0.23 mi๐Ÿฅ˜Maui Onion
    • 0.23 mi๐Ÿฅ˜M-Thai
    • 0.24 mi๐Ÿฅ˜Junoon
    • 0.24 mi๐Ÿฅ˜By Chloe
    • 0.24 mi๐Ÿ’ชPopPhysique
    • 0.24 mi๐Ÿ’ชYogamaya
    • 0.24 mi๐Ÿฅ˜Latin American Restaurant
    • 0.24 mi๐Ÿš—Icon Parking
    • 0.25 mi๐ŸšŒFree maison
    • 0.25 mi๐Ÿฅ˜Outback Steakhouse
    • 0.25 miโ˜•๏ธHale and Hearty
    • 0.26 miโ˜•๏ธCafe Grumpy
    • 0.27 miโ˜•๏ธPret a Manger
    • 0.27 mi๐Ÿฅ˜Maysville
    • 0.27 mi๐Ÿฅ˜Uncle Nick's Restaurant
    • 0.27 miโ˜•๏ธFIKA 7th Avenue
    • 0.28 mi๐Ÿฅ˜Izakaya NoMad
    • 0.28 mi๐Ÿ’ชEvolution Muay Thai
    • 0.28 mi๐Ÿฅ˜Grimaldi's Pizza
    • 0.28 mi๐Ÿฅ˜INDAY
    • 0.28 mi๐ŸบSlate
    • 0.28 mi๐ŸบAmerican Whisky
    • 0.29 mi๐Ÿ’ชDavid Barton Gym
    • 0.29 mi๐ŸŒฒPenn South Playground
    • 0.29 mi๐Ÿฅ˜Tello Ristorante
    • 0.29 mi๐ŸบToshi's Penthouse
    • 0.29 miโ˜•๏ธDunkin' Donuts
    • 0.29 mi๐ŸบG Lounge
    • 0.29 mi๐Ÿ’ชFlywheel Sports
    • 0.3 mi๐ŸบToshi's Living Room
    • 0.3 mi๐Ÿฅ˜La Pecora Bianca
    • 0.3 mi๐Ÿ’ชMonster Cycle Limelight
    • 0.3 mi๐Ÿฅ˜Friedman's
    • 0.3 mi๐Ÿฅ˜Lasagna Ristorante
    • 0.3 mi๐Ÿฅ˜Num Pang
    • 0.31 mi๐Ÿš‡RW28th Street
    • 0.31 mi๐Ÿ’ชUplift Studio
    • 0.31 mi๐Ÿฅ˜Sweetgreen
    • 0.31 mi๐ŸบThe Molly Wee Pub
    • 0.31 mi๐Ÿฅ˜The Smith
    • 0.31 miโ˜•๏ธStarbucks
    • 0.31 mi๐ŸบThe NoMad Hotel Library Bar
    • 0.31 mi๐ŸบVin Sur Vingt
    • 0.31 mi๐Ÿฅ˜Socarrat Paella Bar
    • 0.32 mi๐ŸŒฒNo Access Grom 23rd St
    • 0.32 mi๐ŸบThe Nomad
    • 0.32 mi๐Ÿฅ˜Donnatella
    • 0.32 mi๐Ÿฅ˜John Dory Oyster Bar
    • 0.32 mi๐Ÿฅ˜Rocking Horse Cafe
    • 0.33 miโ˜•๏ธ16 Handles
    • 0.33 mi๐ŸบTempest Bar
    • 0.33 mi๐Ÿฅ˜Pondicheri
    • 0.33 mi๐Ÿฅ˜Pad Thai
    • 0.33 mi๐Ÿฅ˜Eataly
    • 0.34 mi๐Ÿฅ˜Sushiritto
    • 0.34 mi๐Ÿฅ˜Jimmys Burger Shack
    • 0.34 mi๐Ÿš‡118th Street
    • 0.34 mi๐Ÿฅ˜Pio Pio Riko
    • 0.34 mi๐Ÿฅ˜Baita by Birreria
    • 0.34 mi๐Ÿฅ˜Eataly
    • 0.34 miโ˜•๏ธSullivan Street bakery
    • 0.34 mi๐Ÿฅ˜Brother Jimmy's BBQ
    • 0.34 mi๐Ÿฅ˜The Breslin
    • 0.34 mi๐ŸบLa Bierria
    • 0.34 miโ˜•๏ธChalait
    • 0.34 mi๐Ÿฅ˜Co.
    • 0.34 mi๐Ÿฅ˜Wagamama
    • 0.34 miโ˜•๏ธStarbucks
    • 0.34 miโ˜•๏ธStarbucks
    • 0.34 mi๐ŸบO'Reileys
    • 0.34 mi๐Ÿฅ˜Txikito
    • 0.34 mi๐Ÿฅ˜El Cid
    • 0.35 mi๐Ÿบ230 Fifth
    • 0.35 mi๐Ÿฅ˜Grand Sichuan Eastern
    • 0.35 mi๐Ÿฅ˜Sagaponack
    • 0.35 mi๐ŸบO'Reilly's Pub
    • 0.36 mi๐Ÿฅ˜Chipotle
    • 0.36 mi๐Ÿฅ˜Chelsea Square Restaurant
    • 0.36 miโ˜•๏ธCafe R
    • 0.36 mi๐Ÿฅ˜Chelsea Square Restaurant
    • 0.36 mi๐Ÿฅ˜Burger & Lobster
    • 0.36 mi๐Ÿฅ˜ilili
    • 0.36 mi๐Ÿš‡New York Penn Station
    • 0.36 mi๐Ÿฅ˜Chelsea Cottage's Viet Grill
    • 0.36 mi๐Ÿฅ˜Famous Original Ray's Pizza
    • 0.36 mi๐ŸบJake's Saloon
    • 0.37 mi๐Ÿฅ˜The Meatball Company
    • 0.37 mi๐Ÿฅ˜Chelsea Chinese Restaurant
    • 0.37 miโ˜•๏ธIdea Coffee
    • 0.37 mi๐Ÿฅ˜Westville Chelsea
    • 0.37 miโ˜•๏ธFIKA 9th Avenue
    • 0.37 miโ˜•๏ธTim Hortons
    • 0.37 mi๐Ÿš‡PATH33rd Street
    • 0.37 mi๐Ÿš‡RW23th Street
    • 0.38 mi๐ŸŒฒLadies Mile Historic District
    • 0.38 mi๐Ÿฅ˜L & W Oyster Company
    • 0.38 mi๐ŸบFlatiron Lounge
    • 0.38 mi๐Ÿฅ˜Aleo
    • 0.38 mi๐Ÿฅ˜Rail Line Diner
    • 0.38 mi๐Ÿฅ˜Pounds & Ounces
    • 0.39 mi๐Ÿ’ชFlywheel Sports
    • 0.39 mi๐Ÿฅ˜Crema
    • 0.39 mi๐Ÿฅ˜2 Bros Pizza
    • 0.39 mi๐Ÿฅ˜Gaonnuri
    • 0.39 mi๐Ÿฅ˜Merchant's
    • 0.4 mi๐Ÿฅ˜da Umberto
    • 0.4 mi๐ŸบJohn Doe Bar & Kitchen
    • 0.4 mi๐Ÿฅ˜Rafella Cafe
    • 0.4 mi๐Ÿฅ˜Ben & Jack's Steakhouse
    • 0.4 mi๐Ÿฅ˜Flavabom
    • 0.4 mi๐Ÿฅ˜Bareburger
    • 0.4 mi๐Ÿฅ˜Blossom
    • 0.41 miโ˜•๏ธJoe Coffee
    • 0.41 mi๐ŸบFlight 151
    • 0.41 mi๐Ÿฅ˜Dil e Punjab Deli
    • 0.41 mi๐Ÿฅ˜Kang Suh Restaurant
    • 0.42 miโ˜•๏ธKoffeecake Corner
    • 0.42 mi๐Ÿฅ˜Seoul Garden
    • 0.42 mi๐Ÿฅ˜Le Pain Quotidien
    • 0.42 mi๐Ÿฅ˜The Hummus & Pita Co.
    • 0.43 mi๐Ÿฅ˜Hana Michi
    • 0.43 mi๐Ÿฅ˜J's Pizza
    • 0.43 mi๐Ÿฅ˜Omai
    • 0.43 miโ˜•๏ธMaison Kayser
    • 0.44 mi๐Ÿฅ˜Tipsy Parson
    • 0.44 mi๐Ÿš—Central Parking
    • 0.44 mi๐ŸบLocal
    • 0.44 mi๐Ÿฅ˜Minar
    • 0.44 mi๐Ÿฅ˜Bocca di Bacco
    • 0.44 miโ˜•๏ธBirch
    • 0.44 mi๐Ÿฅ˜Chelsea Inn
    • 0.45 mi๐ŸบPosh Pass NYC
    • 0.45 mi๐Ÿฅ˜Essen Fast Slow Food
    • 0.45 mi๐Ÿฅ˜Obica Mozzarella Bar
    • 0.45 mi๐Ÿฅ˜Dig Inn Seasonal Market
    • 0.45 mi๐Ÿฅ˜Aldea
    • 0.45 mi๐Ÿฅ˜New WonJo
    • 0.45 mi๐Ÿฅ˜Woorijip
    • 0.45 mi๐Ÿฅ˜The Grey Dog
    • 0.45 miโ˜•๏ธStarbucks
    • 0.45 mi๐Ÿš‡12334th Street - Penn Station
    • 0.45 mi๐Ÿš‡12334th Street - Penn Station
    • 0.45 mi๐Ÿš‡12334th Street - Penn Station
    • 0.45 mi๐Ÿš‡12334th Street - Penn Station
    • 0.45 mi๐Ÿฅ˜Hollywood Diner
    • 0.45 mi๐Ÿฅ˜Gotham Pizza
    • 0.45 mi๐ŸบKaraoke One 7
    • 0.45 mi๐Ÿฅ˜Stage Door
    • 0.45 mi๐Ÿฅ˜Shorty's
    • 0.45 mi๐Ÿฅ˜Choza Tacqueria
    • 0.46 mi๐Ÿš‡BDFMNQRW34th Street-Herald Square
    • 0.46 mi๐Ÿฅ˜Eleven Madison Park
    • 0.46 mi๐Ÿฅ˜VERTS Mediterranean Grill
    • 0.46 mi๐ŸบJack Demsey's
    • 0.46 miโ˜•๏ธExki
    • 0.46 mi๐ŸบTir Na Nog
    • 0.46 miโ˜•๏ธStarbucks
    • 0.47 mi๐Ÿฅ˜BLT Fish

    Neighborhood

    Chelsea

    Chelsea is well-known by locals and tourists alike for its expressive and diverse culture. With more than 200 art galleries, nearly 2,000 options for food and drinks, and an array of both boutiques and big chains for shopping โ€” all in under one square mile โ€” thereโ€™s something to satisfy every taste in Chelsea.

    Standout attractions include Chelsea Market, which attracts over 6 million visitors each year and was bought by Googleโ€™s parent company Alphabet Inc in early 2018, and the High Line, a 1.45-mile urban oasis. Both destinations have played significant roles in the revitalized growth of Chelsea, and turned the neighborhood into one of the most in-demand submarkets for office space in New York City.

    NYC office space market report

    Chelsea Office Space | Lease Data & Trends

    RentInventoryVacancy
    Class A Office$97/sf14 msf4.5%
    Class B Office$53/sf10 msf7.5%

    Chelsea is an ideal location for any business seeking to be at the heart of New York’s creative and entrepreneurial core. The established arts scene along with SUNYโ€™s Fashion Institute of Technology attract an innovative and educated crowd with an average age of 25-40. Businesses have their pick of smaller offices in co-working spaces to luxurious, sprawling floors in brick and beam buildings.

    Based on 2018 commercial leasing data, the average asking rent for Chelsea office space is nearly $78 per square foot, slightly below the Midtown South average of $82 per square foot. The 14 million square feet of Class A Chelsea office space rents for more than $95 per square foot. Conversely, the average rent in the 10 million square feet of Class B office space for lease is slightly less than $55 per square foot, among the lowest figures available in Manhattan. Overall, Chelsea features more than 20 million square feet of office space inventory, with nearly 900,000 square feet under development.

    Tenants seeking even lower lease prices can explore office sublease options. These agreements are signed directly with current tenants, and tend to allow for less commitment than a traditional lease, where the norm is 3-5 years. However, office sublease do not offer the same assurances as working with a landlord does, so it’s important to negotiate sublease terms with a broker.

    Demand for Chelsea office space is high, and vacancy rates are among the lowest in the city.ย Given the steady job growth in New York, leasing activity and competition between landlords should continue to remain high. Reasonably priced and efficient offices will continue to attract the majority of demand, putting pressure on landlords to upgrade their properties, or offer competitive concessions packages.

    What Our Brokers Say about Chelsea Office Space for Rent

    While Chelsea has a smaller tech presence compared to the neighboring Flatiron District, the notable presence of Google and Twitter โ€” along with corporate offices of IAC (designed by Frank Gehry at 555 W. 18th Street), YouTube, Roc Nation, Venmo, and Uber โ€” make excellent company for those looking to make the move. One of the most recent companies to move to Chelsea is Netflix, who signed a five year, 11,592 square foot sublease from Twitter for their first New York office space in the fall of 2017.

    Chelsea is easily accessible by residents of the five boroughs and nearby suburbs, thanks to several nearby public transit hubs, including Penn Station. Once in Chelsea, most everyday needs are capable of being met within a five-minute walk. In addition to the variety of foods Chelsea Market has to offer, our team recommends Sweets by CHLOE, The Donut Pub, Momofuku Noodle Bar, Chelsea Brewing Pub, La Sirena, Rocking Horse Cafe, Sullivan Street Bakery, Salinas, and The Red Cat. For more info on where to eat and drink in the neighborhood, check out our Chelsea Lunch and Coffee Guides.

    Popular office buildings in Chelsea include 210 11th Avenue, 531 West 25th Street, 545 West 25th Street, 370 7th Avenue, and The Tate at 535 West 24th Street.

    chelsea-nyc

    Chelsea Neighborhood History

    Chelsea is one of the few Manhattan districts still named after the original estate, which grew into a hub for manufacturing companies. Arguably the most famous company was Nabisco, which was redeveloped into the Chelsea Market in 1998.

    Industrialization in the 1850s took advantage of access to the Hudson River piers and led to the construction of numerous warehouses, factories, lumberyards, breweries, and tenements. Many of these original buildings have been redeveloped for new businesses and apartments. The Chelsea Historic District was designated in 1971 and last expanded in 1982.

    Today, Chelsea is best known for its place at the center of the art world. The neighborhood boasts more than 200 art galleries of varying sizes, and their visitors are a huge source of revenue for local businesses. The galleries are another of Chelsea’s many unique perks to local employees.

    A major milestone in Chelsea’s continued growth in popularity was the completion of the High Line, a linear park build on a disused train viaduct that runs from Gansevoort Street to 34th Street near the Javits Center. Most of the rest of the viaduct had been demolished in 1960, and was effectively abandoned in the early 1980’s. Construction on the park began in 2006 and first opened to the public in 2009. An additional stretch near 10th avenue and 30th street will open in 2018.

    The High Line’s success has not only drawn foot traffic into the neighborhood, but served as inspiration to other cities looking to transform obsolete infrastructure into public space, and inspire adjacent real estate development.

    Chelsea’s residential and commercial real estate landscape continues to evolve, in part due to Google, WeWork, and theย Hudson Yards Redevelopment Project. With projected completion in 2024, soon Chelsea will benefit from 16 skyscrapers containing more than 12,700,000 square feet of new office, residential, and retail space. The mix of businesses in Chelsea may begin to shift, as rent prices rise and demand for proximity to both Hudson Yards and the Flatiron District grows.

    Re-imagine Your Chelsea Office

    Chelsea has an abundance of inspiring office spaces that showcase endless possibilities for remodeling a workspace. In 2011, a 100,000 square foot warehouse building was purchased by British theater company Punchdrunk to create a five-story performance venue โ€œThe McKittrick Hotel,โ€ now home to the immersive, site-specific theatrical production Sleep No More, a staple of Chelseaโ€™s entertainment scene. Slightly less elaborate, Googleโ€™s Chelsea office is filled with NYC-themed rooms and provides access to floors with ladders as well as elevators, the startup Outbrain is praised for its central conference room โ€œThe Fishbowl,โ€ and YouTube has permanent production sets available to their creators.

    Getting Around Chelsea

    Chelsea is listed among the top 20 most walkable areas in NYC. Walkers have easy access to the High Line and Chelsea Piers, although with the influx of tourists many locals caution against riding a bike along the piers. Bikers will still find incredible ease in getting around Chelsea and have access to bike sharing with CitiBike.

    Commuters have no shortage of options to get to work. In addition to commuting through Penn Station, employees can take the A, C, and E trains on Eighth Avenue, 1, 2, and 3 trains along Seventh Avenue, or F and M trains on Sixth Avenue. Chelsea is also accessible by bus routes ย M7, M10, M11, M12, M14, and M23, and houses the main entrance to the 34th Street/Hudson Yards station for the 7 train. In addition to access via Amtrak and NJ Transit, commuters can easily access the PATH trains to Jersey City and Hoboken.

    Nearby neighborhoods include: Flatiron District, Garment District, Meatpacking, Tribeca, and Greenwich Village

     

    chelsea-office-buildingschelsea-high-linechelsea-market

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