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.