14 UNIT BUILDING FOR SALE IN HEART OF CHELSEA!


Property

Website:https://www.nestseekers.com/3051146
Address:
222 W 16th St
New York, NY 10011
Ownership: income-property
Type: Residential Income
Area: 6649 sq ft
Lot Size: 2581 sq ft

Financials

Price: $8,200,000
Annual Taxes: $102,068

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

Contact

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

222 W 16th St, New York, NY 10011, USA