15-Unit SRO Apartment
315 W 18th Street New York Manhattan, NY 10011
315 W 18th Street New York, Manhattan, NY, 10011
$3,500,000
For Sale
$3,500,000
15-unit SRO apartment building with four full bathrooms, offered for sale in Manhattan’s Chelsea area.
Property Size4,400 SF
Lot Size0.05 Acres
Price / SF$795.45
Days on Market176
Property Features for 315 W 18th Street New York
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Lot size
- 0.05 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
EXP Realty
(516) 518-8110
Listed by
Christopher Figueroa
(516) 518-8110
Source
Cohenandcohenrealty
Added: Jan 27 Updated: Jul 21 at 6:00AM Checked: Jul 22 at 6:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
Investment Insights
Based on property information with market context.
This for-sale 15-unit SRO apartment building is arranged for residential income, with four full bathrooms serving the property. The building is located on a 2,024 sq ft lot and includes approximately 4,400 sq ft of building space, offering a straightforward multi-unit configuration for ownership.
The property is situated at 315 W 18th Street in Manhattan’s Chelsea area. Public remarks note convenient access to public transit, as well as nearby shops and restaurants, with proximity to the Hudson River.
As an SRO-focused multifamily asset, the property’s unit mix and bathroom count are key features to review when evaluating fit for long-term ownership.
The property is situated at 315 W 18th Street in Manhattan’s Chelsea area. Public remarks note convenient access to public transit, as well as nearby shops and restaurants, with proximity to the Hudson River.
As an SRO-focused multifamily asset, the property’s unit mix and bathroom count are key features to review when evaluating fit for long-term ownership.
Key Highlights
- 15‑unit SRO apartment building for sale in Manhattan’s Chelsea (NY 10011)
- Approximately 4,400 sq ft of building space
- 2,024 sq ft lot size
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 | $263.5k | $59.88 |
| − Vacancy | −$13.2k | −$2.99 |
| EGI | $250.3k | $56.89 |
| − OpEx | −$112.6k | −$25.60 |
| NOI | $137.7k | $31.29 |
4,400 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.97M
$1.72M – $2.29M
NOI $137,664 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.95M
$9.58M – $12.78M
NOI $766,656 @ 7.0% cap · market cap 21.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 15-unit SRO apartment building with four full bathrooms, offered for sale in Manhattan’s Chelsea area.
Where is this apartment building located?
The property is located at 315 W 18th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 15‑unit SRO apartment building for sale in Manhattan’s Chelsea (NY 10011); Approximately 4,400 sq ft of building space; 2,024 sq ft lot size
