336 W 19th St - Apartments FOR SALE


New York, NY 10011- Chelsea
$4,995,000 USD
646-893-0851
336 W 19th St, New York, NY for Sale
$4,995,000 USD
Apartments - FOR SALE
1/23
null | 7.5% Cap Rate

336 W 19th St
New York, NY 10011
Chelsea


HIGHLIGHTS

  • Price Reduced
  • TLC Multifamily
  • Manhattan Investment Properties
  • Chelsea Investment Properties
  • New York City Investment Properties
  • Midtown West Investment Properties

OVERVIEW

336 West 19th Street is a 21-unit Chelsea apartment building offering immediate cash flow and significant upside. The property consists of 12 market-rate apartments and rest SRO with 6 units currently vacant, creating a clear lease-up opportunity for a value-add investor. Built in 1910, the four-story walk-up building. The property encompasses approximately 6,546 square feet on a 2,300 square foot lot and features efficient layouts consistent with classic early 20th-century Manhattan multifamily construction. Located on one of Chelsea’s most desirable tree-lined blocks, the building is steps from The High Line, Chelsea Market, Hudson River Park, and major subway lines. The property was previously appraised at $6.6 million, highlighting its long-term investment appeal. Investment Highlights - Four-story pre-war multifamily rental building in Chelsea - 21 residential units consisting of 12 market-rate apartments - 6 vacant SRO units,4 vacant units with PE status offering immediate lease-up and value-add potential -Ideal for multifamily operators, private investors, and family offices - Proximity to major Chelsea destinations including the High Line, Chelsea Market, and Hudson River Park - Opportunity to enhance revenue through unit improvements, operational efficiencies, and ancillary income -Rare West Chelsea multifamily asset This is an opportunity to acquire a well-located Manhattan asset with both current income and a clear path to increasing value through active management.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

21

PRICE/UNIT

$237,857

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,309 SF

ZONING

R7B, New York, (C5)

APN/PARCEL ID

0742-0058

ASK ABOUT THIS PROPERTY

Nikolay AfanasyevCity SphereMore Info
646-893-0851

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Nikolay AfanasyevCity SphereMore Info
646-893-0851

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