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Chelsea Mixed-Use Building For Sale
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220 West 16th Street, New York, NY 10011

Five-story walkup with apartments and commercial space in Chelsea.

Property Size6,250 SF
Days on Market2783

Property Features for 220 West 16th Street

General Information

Standard status Active
Size 6,250 SF
Property subtype Retail, Multifamily, Mixed Use, Land
Zoning R8B
Occupancy 100%
Investment Type Value Add

Building Details

Stories 5
Units 9
Tenancy Multi
Listing Agency: Brax Realty Group LLC
Listed By: Alan Stenson · License #NY 10401274397
Source: Crexi
Added: Mar 7, 2019 Changed: Oct 10 Last Checked: Oct 19 at 3:25AM

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 Brax Realty Group LLC

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Investment Insights

Based on property information with market context.

Located in the heart of Chelsea, 220 West 16th Street is a five-story walkup building between 7th Avenue & 8th Avenue. The property is situated within a few blocks of the A, C, E, L, 1, 2, 3 Subway lines and one block from the Google Building. The building has a total area of approximately 6,250 square feet and features 8 apartments and 1 commercial space. There is a full usable basement. The commercial space lease expires in November of 2018.

Key Highlights

  • Located in the heart of Chelsea, Manhattan.
  • Proximity to A,C,E,L,1,2,3 Subway lines.
  • +/- 6,250 SF with 8 Apartments and 1 Commercial Space.

Property Analytics

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Current Use

Mary Torres, Modern ... Real Estate Agency Iron BodyFit Chelsea, ... Gym & Fitness Center

Suggested Use

Top Pick Nursing Home Pet Grooming Service Auto Parts Store Adult Day Care Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

41,706
Businesses Nearby

Demographics for 10011, NY

53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Five-story walkup with apartments and commercial space in Chelsea.
Where is this mixed-use property located?
The property is located at 220 West 16th Street New York, NY.
What are key features of this property?
This property features: Located in the heart of Chelsea, Manhattan.; Proximity to A,C,E,L,1,2,3 Subway lines.; +/- 6,250 SF with **8 Apartments and 1 Commercial Space.**
(646) 668-4801 Call to check price and availability
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