Multi-family

Introducing 203 West 20th Street, a prime investment property within a multi-property portfolio, located in the vibrant heart of Manhattan’s central business district. This 2-star mid-rise apartment building is offered at $15,000,000 (or $250,000 per unit), presenting an attractive option for investors in one of New York City’s most desirable areas.

Property Details:

• Address: 203 West 20th Street, New York, NY 10011
• Sale Price: $15,000,000
• Sale Type: Investment (Part of a Portfolio)
• Property Type: 2 Star Mid-Rise Apartments
• Location: Central Business District (CBD), Chelsea, Manhattan
• Units: 12
• Average Unit Size: 612 sq. ft.
• Stories: 5
• Building Class: C
• Gross Building Area (GBA): 2,075 sq. ft.
• Typical Floor Size: 415 sq. ft.
• Number of Buildings: 1
• Units per Acre: 250/AC
• Rent Type: Market

Key Features:

Strategic CBD Location
Located in the heart of Chelsea’s central business district, this property benefits from high visibility and easy access to Chelsea’s diverse range of attractions, services, and public transportation options, making it a highly desirable area for prospective tenants.

Versatile Mid-Rise Design
The building’s mid-rise structure and central location provide an ideal blend of urban accessibility and residential appeal. Its 12 units, each averaging 612 square feet, are suitable for a variety of tenant needs, ensuring strong occupancy potential in a competitive rental market.

Investment Opportunity within a Portfolio
As part of a broader investment portfolio, 203 West 20th Street offers investors the flexibility to secure a strategic piece of New York City real estate while potentially capitalizing on economies of scale through portfolio ownership.

Conclusion:

203 West 20th Street is an exceptional investment opportunity for buyers looking to expand their portfolio in a high-demand area. Its ideal location, manageable mid-rise structure, and strong rental market appeal make it a valuable asset within Manhattan’s competitive real estate landscape.