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    220 16Th St New York, NY 10011

    Sponsored
    For Sale
    Contact for pricing
    Property size:
    6,250 SF
    Added:
    Dec 11, 2024
    Days on Market:
    391

    Property Features for 220 16Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,250 SF

    Building Details

    Stories
    5
    Units
    9

    HighLights

    • Mixed‑use building in prime Chelsea location, one block from Google headquarters.
    • Eight apartments and one retail space, plus full basement and rear yard.
    • Below‑market retail rent, lease expiring 2019.
    • Eight large one‑bedroom apartments.
    • Apartments offer potential for conversion to two‑bedrooms.
    • 35‑year ownership history.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mary Torres, Modern ... Real Estate Agent Iron BodyFit Chelsea, ... Gym

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9999212
    Latitude
    40.7402246

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    FAQs

    Where is this multifamily property located?
    The property is located at 220 16Th St New York, NY.
    What are key features of this property?
    This property features: Mixed-use building in prime Chelsea location, one block from Google headquarters.; Eight apartments and one retail space, plus full basement and rear yard.; Below-market retail rent, lease expiring 2019.
    Request Owner's contact information
    220 16Th St New York, NY 10011
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    New York, NY 10011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 16Th St New York, NY 10011
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