Multi-family

Prime Investment Opportunity: Mid-Rise Apartment Building in Chelsea

Address: 156 West 15th Street, New York, NY, 10011
Price: $7,195,000 ($799,444/Unit)
Cap Rate: 5.00%
Sale Type: Investment

This 2-star mid-rise apartment building is a compelling investment opportunity in Manhattan’s vibrant Chelsea neighborhood. With a balanced mix of market-rate and rent-stabilized units, this property offers steady income potential and significant upside for investors.

Property Details:

• Building Type: Mid-Rise Apartments
• Gross Building Area: 5,560 SF
• Typical Floor Size: 885 SF
• Stories: 5
• Units: 9
• Class: C
• Number of Buildings: 1
• Units per Area: 191/AC
• Market Segment: All
• Rent Type: Market
• Affordable Units: 3 (Rent Stabilized)

Situated in the Central Business District (CBD), this property benefits from its prime Chelsea location, surrounded by popular dining, retail, and cultural destinations, as well as convenient access to public transportation. Its manageable size and mixed-unit portfolio make it an ideal investment for those seeking stable cash flow and long-term appreciation in a high-demand area.

This property is well-suited for investors looking to expand their portfolio in Manhattan’s competitive real estate market while capitalizing on a secure asset with growth potential.

For more information or to arrange a private tour, please contact us.