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
1/17
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 is a four-story, 14-unit multi-family building located in the heart of Chelsea—one of Manhattan’s most vibrant and in-demand neighborhoods. This rare offering presents the opportunity to acquire a stable, income-generating asset with meaningful upside in one of New York City’s most resilient rental submarkets. The property spans approximately 6,650 square feet on a 2,581 square foot lot and features a well-balanced unit mix of studios, one-bedrooms, and a two-bedroom apartment. With strong in-place income and the ability to add value over time, the building is well positioned for both immediate cash flow and long-term appreciation. Situated just steps from the High Line, Chelsea Market, and Hudson River Park, residents enjoy easy access to some of Manhattan’s best dining, shopping, and cultural destinations. The building also offers excellent connectivity with nearby subway lines including the A/C/E/L at 14th Street–8th Ave, 1/2/3 at 14th Street–7th Ave, and F/M/L at 6th Ave, in addition to CitiBike stations and multiple bus lines. This is a rare chance to own a high-performing, primarily free-market asset in a prime location with strong rental demand, long-term stability, and compelling growth potential. Contact us for full offering materials or to schedule a tour.

FOR SALE DETAILS

PRICE

$7,730,000 USD

PRICE/SF

$872 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.