222 W 16th St
New York, NY 10011

EXCLUSIVE

Property

Ownership: income-property
Type: Residential Income
Area: 6649 sq ft
Lot Size: 2581 sq ft

Financials

Price: $8,200,000
Annual Taxes: $102,068
Phone: 9179681365
Andy H. Kim
Managing Director
Westside Licensed Associate Broker
Sangmun Yun
Licensed Real Estate Salesperson
Diane Li
Licensed Real Estate Salesperson
KIM TEAM NYC
Chris Gill
Managing Director
100 Riverside Blvd, New York, NY

Description

The subject property is a four-story building consisting of a total of fourteen (14) units and a three-story carriage house located in the heart of Chelsea. The front building is entirely free market and has eight (8) residential units, consisting of two (2) studios, five (5) one bedrooms, and one (1) two-bedroom. The carriage house consists of six (6) studio units, of which one (1) is vacant. All leases in the front building expire in less than a year, providing an opportunity for a single-family conversion. There are also additional air rights attributed to the site to maximize the potential. The location and potential for the property provide a developer, user or investor with an ideal purchase.

A good portion can be delivered vacant, making it ideal for investors and end users alike.

Financials and rent roll available upon request.

Amenities

  • A/C units
  • Courtyard
  • Exposed Brick
  • Garage
  • Hardwood Floors
  • Investment Property
  • Laundry Room
  • Roof Deck

Exposures

  • North
  • South

Neighborhood

More listings:

14 UNIT BUILDING FOR SALE IN HEART OF CHELSEA!


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.