Multi-family

Introducing 331 West 19th Street, a rare investment opportunity in Chelsea’s central business district. Priced at $7,000,000 (equating to $1,750,000 per unit), this 2-star townhome apartment property is an ideal acquisition for investors looking for multi-unit residential assets in Manhattan’s vibrant core.

Property Details:

• Address: 331 West 19th Street, New York, NY 10011
• Sale Price: $7,000,000
• Sale Type: Investment
• Property Type: 2 Star Townhome Apartments
• Location: Central Business District (CBD), Chelsea, Manhattan
• Units: 4
• Stories: 3
• Building Class: C
• Gross Building Area (GBA): 5,500 sq. ft.
• Typical Floor Size: 1,375 sq. ft.
• Number of Buildings: 1
• Units per Acre: 79/AC
• Rent Type: Market

Key Features:

Prime Chelsea Locale
Situated in the heart of Chelsea’s CBD, this property offers tenants quick access to a wide array of shopping, dining, and entertainment options. Its central location enhances tenant appeal and bolsters property value in a highly desirable Manhattan neighborhood.

Boutique Residential Investment
With only four exclusive units spread over three stories, this townhome property allows for a manageable and boutique approach to residential investment, with potential for premium market rents in a high-demand area.

Spacious Layout and Building Versatility
Each floor offers approximately 1,375 square feet, presenting ample space and flexibility for tenant customization. The property’s layout is ideal for long-term residential tenants or the potential for renovation to meet modern residential standards.

Conclusion:

331 West 19th Street provides an excellent investment opportunity for buyers seeking a prime multi-unit residential asset in Chelsea’s central business district. Its strategic location, manageable unit count, and spacious layout make it an appealing choice for those looking to tap into the steady demand for well-positioned residential properties in Manhattan.