Multi-family

Exceptional Investment Opportunity at 447 West 22nd Street, New York, NY, 10011

For Sale Price: $6,500,000 ($928,571 per Unit)
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Building Class: C

Discover a compelling investment in the heart of Chelsea, one of Manhattan’s most sought-after neighborhoods. This mid-rise apartment building offers a well-rounded opportunity for investors seeking stable market rent income and future growth potential.

Property Details

• Units: 7
• Total Gross Building Area (GBA): 5,425 SF
• Typical Floor Size: 954 SF
• Stories: 5
• Buildings: 1
• Units per Area: 140/AC

Investment Highlights

• Prime Chelsea Location: Situated in the Central Business District (CBD), this property benefits from a high-demand residential market, ensuring consistent occupancy and strong rental income.
• Market Rent Advantage: The building operates on market rent, providing flexibility for lease adjustments and revenue optimization over time.
• Boutique Urban Appeal: With 7 units across five stories, this manageable Class C property offers room for modernization while retaining its classic Chelsea charm.

Additional Features

• Strategic Size: The compact yet efficient layout, with typical floors of 954 SF, ensures tenant satisfaction and ease of maintenance.
• Desirable Neighborhood Amenities: Residents enjoy proximity to art galleries, fine dining, shopping, and green spaces, making it an attractive rental choice.
• Strong Connectivity: Close to major subway lines and transit options, the property offers unparalleled convenience for tenants.

447 West 22nd Street presents an excellent opportunity for investors aiming to acquire a boutique residential property in a high-demand Manhattan market. With its manageable size, prime location, and stable income from market rents, this asset is positioned for long-term value and growth potential.

Contact us today to schedule a tour or to receive further information about this unique Chelsea investment opportunity.