Multi-family

Introducing an excellent investment opportunity in the bustling Chelsea neighborhood. Located at 172 7th Ave, this mid-rise apartment building is part of a high-value portfolio and is on the market for $15,000,000, or $250,000 per unit. With its prime location in New York City’s Central Business District, this property is an attractive option for investors seeking steady rental income in a desirable urban area.

Property Details:

• Address: 172 7th Ave, New York, NY 10011
• Sale Price: $15,000,000 (part of a portfolio; $250,000 per unit)
• Property Type: 2-Star Mid-Rise Apartments
• Units: 17
• Gross Building Area (GBA): 6,414 sq. ft.
• Typical Floor Size: 1,604 sq. ft.
• Stories: 4
• Class: C
• Units per Area: 408 units per acre
• Market Segment: All
• Rent Type: Market Rate

Key Features:

Prime Chelsea Location
Situated on 7th Avenue in the Central Business District, this property benefits from a vibrant urban setting with excellent accessibility. Chelsea is known for its rich mix of cultural venues, dining options, and close proximity to public transit, making it a desirable choice for residents and a strategic location for investors.

Attractive Investment Potential
This 2-star mid-rise apartment building offers 17 residential units with a solid market demand. The property’s Class C designation and central location appeal to a broad tenant base, making it an investment with the potential for steady rental income. The units are configured for efficiency, and the typical floor layout allows for straightforward management.

Opportunity for Value Growth in Chelsea
At $15,000,000, this property presents a valuable investment opportunity in one of New York City’s sought-after neighborhoods. With Chelsea’s ongoing growth and appeal, this building holds strong potential for appreciation, making it an ideal acquisition for investors ready to expand their portfolio in New York City’s dynamic real estate market.

Conclusion:
172 7th Ave is a remarkable investment opportunity in Chelsea, providing both stability and potential for growth. Its central location, 17 residential units, and strategic position in the city make it an appealing choice for investors looking to secure a valuable asset in one of New York City’s most thriving neighborhoods.