HIGHLIGHTS
- Core Chelsea Mixed-Use Cornerstone: Located just one block south of 206 West 21st, this 24-unit property features a highly desirable residential
- Diversified Revenue Profile: Includes 2 ground floor commercial units and 22 residential apartments, offering a well-balanced income stream
- High-Quality Renovated Inventory: All 18 free market residential units have been fully renovated, allowing for long-term rent stabilization
- Additional Income Opportunity: Four rent-stabilized units present potential upside over time, consistent with neighborhood rent trends
- Development Optionality: Offers 9,349 SF of unused air rights and no historic district restrictions, providing future optionality for expansion
FOR SALE DETAILS
PRICE
$17,500,000 USD
PRICE/SF
$1,231 USD /SF
# OF UNITS
22
PRICE/UNIT
$795,455
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
5
YEAR BUILT
1915
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.1 AC
LAND SF
4,548 SF
ZONING
C6-2A
APN/PARCEL ID
0767-0057
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646-868-0013
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646-868-0013
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