242 Tenth Ave - Apartments FOR SALE


New York, NY 10001- Chelsea
$10,750,000 USD
646-868-0013
242 Tenth Ave, New York, NY for Sale
$10,750,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

242 Tenth Ave
New York, NY 10001
Chelsea


HIGHLIGHTS

  • Prime West Chelsea Location: Positioned on the northeast corner of West 24th Street and Tenth Avenue
  • Turnkey Mixed-Use Asset: Four-story, mixed-use building featuring one retail unit and six residential apartments, all of which are free-market units
  • Fully Renovated Residential Units: The residential component has undergone a comprehensive gut renovation
  • Vacant Retail Opportunity: The ground-floor retail space, formerly occupied by Orchard Townhouse, will be delivered vacant
  • Unique Restaurant Features: The retail component includes charming outdoor garden seating and a separate building for takeout operations
  • High-End Investment Profile: Ideal for investors seeking a stabilized, luxury mixed-use asset with Tax Class 2B status

OVERVIEW

Broker of Record Cory Rosenthal License # 10991237833, 10311210106 (NY) Matthews Real Estate Investment Services, Inc 575 5th Ave., Ste 2810 New York, NY 10017 (866) 889-0550

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$1,913 USD /SF

# OF UNITS

6

PRICE/UNIT

$1,791,667

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

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,021 SF

ZONING

R7B / C2-5, New York

APN/PARCEL ID

0722-0001

ASK ABOUT THIS PROPERTY

Brock EmmetsbergerMatthews Real Estate Investment ServicesMore Info
646-868-0013

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Brock EmmetsbergerMatthews Real Estate Investment ServicesMore Info
646-868-0013

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