228-230 W 18th St - Apartments FOR SALE
New York, NY 10011 |
228-230 W 18th St
New York, NY 10011
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
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
14500
STORIES
5
YEAR BUILT
1915
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
0767-0057
