Multi-family
- $7,730,000
Multi-family
- $7,730,000
Description
Chelsea Multifamily Investment Opportunity – 222 West 16th Street
Asking Price: $7,730,000
Price/Unit: $552,143
Asset Type: Multifamily / Mid-Rise Apartments
Units: 14 Residential Units
Stories: 4
Gross Building Area: 8,865 SF
Location: West Chelsea – Between 7th & 8th Avenues
Market Segment: Market-Rate Residential
Class: C | 2-Star Walk-Up
Zoning: R8B (Verify Separately)
Property Overview:
222 West 16th Street is a 4-story, 14-unit multifamily building located in the heart of Chelsea, one of Manhattan’s most desirable residential neighborhoods. Offering a total of 8,865 square feet across 14 residential units, this walk-up building represents a rare opportunity for investors seeking steady cash flow, value-add potential, or long-term appreciation in a supply-constrained Manhattan submarket.
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