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447 22Nd St New York, NY 10011

OFF-MARKET Apartment buildings Google Maps
4,935 SF
Estimated value
No estimation on file for this property yet.
Property ID US63-2592536

Property summary

AI-generated overview

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

Verified
Property type Apartment buildings
Total area 4,935 SF
UPID US63-2592536

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Photography Service (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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