Multi-family

Prime Investment Opportunity at 241 West 20th Street, New York, NY, 10011

For Sale Price: $7,250,000 ($1,812,500 per Unit)
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Building Class: C

Situated in the vibrant Chelsea neighborhood of Manhattan, this 4-story mid-rise apartment building offers a rare chance to own a boutique property in a highly sought-after location. Perfect for investors looking for a manageable asset with stable market rent income, this property combines urban appeal with significant investment potential.

Property Details

• Units: 4
• Total Gross Building Area (GBA): 4,450 SF
• Typical Floor Size: 1,113 SF
• Stories: 4
• Buildings: 1
• Units per Area: 100/AC

Investment Highlights

• Prestigious Chelsea Location: Nestled in one of Manhattan’s most desirable neighborhoods, the property benefits from high demand for residential rentals, ensuring consistent occupancy and income.
• Boutique Property: With just 4 units, this property is perfect for investors seeking a smaller, manageable portfolio asset while still capitalizing on the strong rental market.
• Market Rent Potential: The building operates on market rent, providing opportunities for revenue growth through strategic upgrades or lease adjustments.
• Classic Urban Charm: This Class C property has potential for renovations, allowing investors to enhance value while preserving its Chelsea charm.

Additional Features

• Efficient Floor Layouts: Each floor spans approximately 1,113 SF, maximizing space usability and tenant satisfaction.
• Strong Neighborhood Amenities: Residents enjoy proximity to art galleries, trendy restaurants, boutiques, and easy access to major subway lines, making this property an attractive rental choice.
• Excellent Visibility: Located in the Central Business District (CBD), the property benefits from a prime urban setting with steady tenant demand.

This 2-Star mid-rise apartment building offers a unique investment opportunity in one of Manhattan’s most dynamic neighborhoods. With its manageable size, market-rate rents, and potential for value enhancement, 241 West 20th Street is an ideal property for investors seeking long-term growth in a prestigious location.

Contact us today for more details or to schedule a private tour of this exceptional investment property.