Prime Chelsea Multifamily Investment – Steps from the High Line
Address: 195 10th Avenue, New York, NY 10011
Asking Price: $7,700,000 ($855,556/unit)
Cap Rate: 4.49%
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Status: Active
Property Overview:
195 10th Avenue presents a rare opportunity to acquire a well-maintained, income-producing multifamily asset in the heart of Chelsea, one of Manhattan’s most sought-after neighborhoods. Built in 1905, this five-story masonry mid-rise offers nine market-rate units totaling 8,830 square feet. The property benefits from its prime location steps from the High Line, Chelsea Market, and the Hudson River waterfront, ensuring strong rental demand and long-term value appreciation.
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Key Features:
- Units: 9 market-rate apartments
- Gross Building Area: 8,830 SF
- Stories: 5
- Typical Floor Size: 1,554 SF
- Construction: Masonry
- Year Built: 1905
- Lot Density: 159 units per acre
- Current Rent Type: Market-rate
- Number of Buildings: 1
Financial Highlights:
- Asking Price: $7,700,000 ($855,556/unit)
- Cap Rate: 4.49%
- Stable income stream from market-rate tenants
- Positioned for rent growth in high-demand Chelsea submarket
Location Advantages:
- Situated in the Chelsea Central Business District (CBD)
- Steps from the High Line, Chelsea Piers, and Hudson Yards
- Walking distance to top restaurants, galleries, and cultural institutions
- Excellent access to A/C/E, L, and 1 subway lines
Investment Highlights:
- Rare Chelsea multifamily with only nine units—easy to manage
- 100% market-rate tenancy with upside potential
- Strong neighborhood fundamentals with low vacancy rates
- Solid masonry construction with historic architectural character
- Prime positioning in one of NYC’s highest-demand rental markets
Conclusion:
195 10th Avenue offers investors a stable, income-producing asset with significant upside potential in one of Manhattan’s most desirable and resilient rental markets. Its combination of historic character, prime Chelsea location, and fully market-rate tenancy makes it a standout opportunity for both long-term hold and value-add strategies.
Contact us today to request a full offering memorandum or arrange a property tour.
