304 W 21st St, New York, NY 10011
35-unit multifamily property in the heart of Chelsea.
- Added:
- Apr 3, 2026
- Days on Market:
- 80
- Last Refresh:
- Apr 3 at 4:54 am
Property Features for 304 W 21st St
General Information
- Standard status
- Active
- Size
- 17,845 SF
- Property subtype
- Multifamily
Listing agent Joe Koicim License #NY: 10301208718 (212) 430-5147
Listing office New York City Office (212) 430-5147
Listing date Apr 3, 2026
Source Marcusmillichap
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HighLights
- Located in the heart of Chelsea, a consistently high‑demand rental neighborhood in Manhattan.
- 35‑unit multifamily property offering immediate operational scale.
- Consists entirely of residential units.
- Two adjacent five‑story buildings.
- Approximately 17,845 square feet.
- Average in‑place residential rent of $2,208.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.07M | $59.88 |
| − Vacancy | −$53.4k | −$2.99 |
| EGI | $1.02M | $56.89 |
| − OpEx | −$456.8k | −$25.60 |
| NOI | $558.3k | $31.29 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9999982
- Latitude
- 40.744146
