Property summary
Prime West Chelsea location presents a rare opportunity to acquire a six-unit multifamily townhouse at 447 West 22nd Street, New York, NY 10011. This five-story, 4,935 square foot building boasts a desirable unit mix, including one three-bedroom, two-bathroom garden duplex with a private backyard, two three-bedroom units with private outdoor spaces, two one-bedroom units (one with a deck), and one studio unit. All six units are currently occupied, generating substantial in-place cash flow. The building's 44-foot rear yard provides abundant natural light. The property is situated on a coveted tree-lined block in the heart of West Chelsea, a highly sought-after Manhattan neighborhood. The building's layout and unit mix offer significant value-add potential through strategic renovations. This is an exceptional investment opportunity for those seeking a well-located, income-producing asset with upside potential in a thriving market. The asking price is $6,500,000. The property is a 100% free-market building.
Property profile
VerifiedCap rate & NOI
Current use
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Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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