As the Exclusive Agent for ownership, we are pleased to introduce to you for a long term-ground lease or for an outright sale a 20 units multi-family property located at; 406 West 25th Street New York NY 10001 in Chelsea one of the most desirable neighborhoods in New York City. Built in 1887 no CoO in place, 5 stories tall walk-up with existing shaft and contains 20 apartments all units are 1BR 1Bath except 2-units on the 1st and the the 5th floor they are; 1BR 1Bath plus a loft size 9' x 11' 7'. The entire building can be delivered vacant offering prospective investors and developers tremendous opportunity to redevelop one of the last remaining buildings in Chelsea that can be delivered vacant. Sixteen (16) units have been vacant for the last 15 years, four (4) tenants in possession without a lease and never paid rent, one tenant has been using it as storage another one lives outside the country for the last 3 years and didn't pay rent. Block & Lot: 722-45 Zoning: R8A Lot Size: 25 x 99 feet Building Dimensions: 25 x 83 feet Usable area: 9,800 Buildable SF: 14,808 sq. Tax Class: 2 Building Class: C4 For further information, and to arrange a walk through, please call.