413 WEST 22 STREET

For Sale - Manhattan - Chelsea

$4,750,000

Net Operating Income: $210,604

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Key Details

Property Type
MultiFamily
Neighborhood
Chelsea
Property Dimensions
15.0 x 54.0
Property Area
4,050 sq.ft.
Total Units:
7
Stories:
4
NOI
$210,604
Price
$4,750,000
Price Per Unit
$678,571
Cap Rate
4.4%

Listing Description

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