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)

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