Multi-family
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Introducing 205 West 20th Street, a premium investment property in the sought-after Chelsea neighborhood of Manhattan, located in the heart of the Central Business District (CBD). This 2-star mid-rise apartment building is offered at $15,000,000 (or $250,000 per unit), making it an attractive opportunity for investors seeking to expand their portfolios in one of New York City’s most vibrant and in-demand areas.
Property Details:
- Address: 205 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
- Stories: 5
- Class: C
- Gross Building Area (GBA): 7,730 sq. ft.
- Typical Floor Size: 1,546 sq. ft.
- Number of Buildings: 1
- Units per Acre: 252/AC
- Rent Type: Market
Key Features:
Prime Location in Chelsea’s CBD
Located in the bustling heart of Chelsea, this property benefits from a highly desirable address with proximity to a range of cultural, dining, and entertainment options. Chelsea’s vibrant community offers tenants a dynamic living environment, making it a prime location for rental demand.
Solid Investment Opportunity
With 12 units across 5 stories, this property provides a steady revenue stream with significant potential for long-term appreciation. Its 7,730 square feet of space allows for a mix of residential units, attracting tenants who value both accessibility and style in their urban living spaces.
Attractive Market Rent Potential
As a market-rent property, 205 West 20th Street provides the flexibility to adjust rents according to the market, ensuring the opportunity to capitalize on demand in one of Manhattan’s most coveted neighborhoods.
Conclusion:
205 West 20th Street is an exceptional investment opportunity within a well-positioned portfolio. With its prime CBD location, manageable size, and attractive market rent potential, this property offers strong investment returns in a high-demand area of New York City’s real estate market.
