413 WEST 22 STREET

For Sale - Manhattan - Chelsea

$5,250,000

Net Operating Income: $210,219

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Key Details

Property Type
MultiFamily
Neighborhood
Chelsea
Property Dimensions
15.0 x 54.0
Property Area
3,500 sq.ft.
Total Units:
8
Stories:
4
NOI
$210,219
Price
$5,250,000

Listing Description

Built in the year 1854, 413 West 22nd Street is a four-story plus garden walk-up apartment building located in the heart of the Chelsea Historic District. The property is currently configured as an owner occupied triplex apartment located on the garden, first and second floors. The additional units above are all studios averaging close to $2,200 per month, giving the new owner significant upside being that other studios on the block have rented for as high as $3,000 per month. The entire property is free-market and represents an ideal opportunity for an investor or residential end-user for townhouse conversion.

Property Details

Block/Lot:
720/41
Lot Dimensions
15.0 x 98.75
Lot Area
1,481 sq.ft
Zoning:
R7B
FAR as Built:
2.36
Max FAR:
3.0
Brock EmmetsbergerJLL
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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