222 W 16th St - Apartments FOR SALE


New York, NY 10011- Chelsea
$7,730,000 USD
516-509-5476
222 W 16th St, New York, NY for Sale
$7,730,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

222 W 16th St
New York, NY 10011
Chelsea


HIGHLIGHTS

  • Strong in place cash flow with upside
  • 14 Units with 13 FM
  • On Site Laundry
  • Transit Access
  • Prime Location

OVERVIEW

222 West 16th Street | Chelsea | 14-Unit Multi-Family 222 West 16th Street is a four-story, 14-unit walk-up multi-family building located in the heart of Chelsea—one of Manhattan’s most vibrant, and in-demand neighborhoods. This property presents a rare opportunity to acquire a stable, income-generating asset with meaningful upside in one of New York City’s most resilient rental submarkets. Built in 1890, the building spans approximately 6,650 square feet on a 2,581 square foot lot and features a well-balanced mix of studios, one-bedrooms, and a two-bedroom unit. With strong in-place income and the ability to implement value over time, the asset is well positioned for both immediate cash flow and appreciation. Located just steps from the High Line, Chelsea Market, and Hudson River Park, the building is surrounded by some of Manhattan’s most vibrant dining, shopping, and cultural destinations—including Cookshop, Cafeteria, and Pastis. Residents benefit from convienent transportation access, with nearby subway services via the A/C/E/L at 14th Street–8th Ave, the 1/2/3 at 14th Street–7th Ave, and the F/M/L at 6th Ave, plus CitiBike stations and MTA bus lines. This is a rare opportunity to own a high-performing, primarily free-market asset in a prime Manhattan location with strong rental demand, long-term stability, and future growth potential. Contact for full setup or to schedule a tour.

FOR SALE DETAILS

PRICE

$7,730,000 USD

PRICE/SF

$1,180 USD /SF

# OF UNITS

14

PRICE/UNIT

$552,143

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R8B

APN/PARCEL ID

0765-0056

ASK ABOUT THIS PROPERTY

Dominique FlorioSERHANT.More Info
516-509-5476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Dominique FlorioSERHANT.More Info
516-509-5476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.