Chelsea Multifamily Investment Opportunity – 203 West 22nd Street
Address: 203 West 22nd Street, New York, NY, 10011
Asking Price: $5,495,000
Price/Unit: $1,373,750
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Location: CBD – Chelsea / Manhattan
Gross Building Area (GBA): 3,300 SF
Units: 4
Stories: 4
Typical Floor Size: 911 SF
Building Class: C
Number of Buildings: 1
Units per Acre: 200/AC
Market Segment: All
Rent Type: Affordable
Affordable Type: Affordable Units
Investment Overview:
203 West 22nd Street presents a boutique, value-add multifamily opportunity in the highly sought-after Chelsea neighborhood of Manhattan. This four-unit mid-rise is located on a quiet tree-lined street between 7th and 8th Avenues, offering investors long-term upside through future repositioning or continued affordable housing use.
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Property Highlights:
✔ Four-story walk-up with solid brick construction
✔ Fully affordable rental building with long-term tenant stability
✔ Functional layouts with potential for interior upgrades
✔ Strong demand for quality rentals in the Chelsea corridor
Location Benefits:
✔ Prime Chelsea location near FIT, The High Line, and Madison Square Park
✔ Walkable to Whole Foods, Equinox, and numerous tech/startup offices
✔ Excellent transit access via 1, C, E, F, M, and PATH lines
✔ Situated in a stable, high-income residential market with low vacancy
Investment Potential:
✔ $5,495,000 for a rare Chelsea multifamily property
✔ Priced at $1,373,750 per unit – solid basis for long-term hold or reposition
✔ Consistent rental income with potential for future regulatory conversion
✔ Ideal for 1031 exchange buyers or long-term wealth preservation
Conclusion:
203 West 22nd Street offers a rare chance to own a centrally located multifamily asset in one of Manhattan’s most enduring neighborhoods. With a manageable unit count and excellent local fundamentals, this property is a strong candidate for investors seeking steady income and long-term upside in New York City.
Contact us today for full rent roll, financials, and offering memorandum.
