205-207 WEST 22 STREET

For Sale - Manhattan - Chelsea

$4,750,000

Net Operating Income: Contact Agent

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Key Details

Property Type
MultiFamily
Neighborhood
Chelsea
Property Dimensions
33.34 x 49.33
Property Area
5,515 sq.ft.
Total Units:
6
Stories:
5
NOI
Contact Agent
Price
$4,750,000
Price Per Unit
$791,666
Cap Rate
-%

Listing Description

Avison Young has been engaged by ownership as exclusive agent to offer the sale of 207 West 22nd Street and the leasehold interest of 205 West 22nd Street in the Chelsea submarket of Manhattan (“Properties”). This townhouse is located on a tree-lined block outside of the Chelsea historic district on the north side of West 22nd street between 7th Avenue and 8th Avenue. The properties, with a combined 33 feet of frontage, are made up of two townhouses totaling 5,515± total gross square feet.

The contiguous townhouses are each comprised of three fair market units across five floors. Each townhouse includes two one-bedroom duplexes and one floor-through one-bedroom. The townhouses, which will be delivered vacant, provide several investment strategies for potential homeowners, investors or developers.

The Properties are well situated to be converted into two single-family townhouses or one mega-townhouse in an irreplaceable location in one of Manhattan’s most admired neighborhoods.

· Delivered vacant
· Not subject to Historic District or Landmark Designation
· Multiple investment strategies
· Combined 33’ of frontage on 22nd Street
· Prime Chelsea location
· Close proximity to the 23rd Street Station on Seventh Avenue servicing the 1
· Large backyard space

Property Details

Block/Lot:
772/41, 42
Lot Dimensions
33.34 x 49.33
Lot Area
1,644 sq.ft
Zoning:
R8A
FAR as Built:
2.88
Max FAR:
6.0
Alexandra MaroldaAvison Young
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
505 WEST 22ND STREET$5,300,00007/12/2018MultiFamily
342 WEST 15TH STREET$7,500,00004/06/2018MultiFamily
151-153 EIGHTH AVENUE$18,350,00003/07/2018MultiFamily
362 WEST 30TH STREET$4,400,00002/01/2018MultiFamily
148 WEST 15TH STREET$3,485,00012/05/2016MultiFamily
222 WEST 21ST STREET$29,400,00011/10/2016MultiFamily
459 WEST 24TH STREET$5,950,00010/26/2016MultiFamily
253 10TH AVENUE$16,000,00009/08/2016MultiFamily
349 WEST 22ND STREET$7,250,00008/31/2016MultiFamily
311 WEST 21ST STREET$2,380,00008/30/2016MultiFamily