447 West 22nd Street
Chelsea, Manhattan, NY 10011
$6,500,000
Description
447 West 22nd Street,
Manhattan,
NY
10011
47 West 22nd Street is a 100% free-market, six-unit multifamily townhouse property located in the heart of the West Chelsea neighborhood of Manhattan. The 5-story, 20' wide multifamily building encompasses 4,935 square feet with six (6) residential units. Of the six (6) units, there is one (1) three-bedroom, two bathroom garden duplex with a generous private backyard, two (2) three-bedroom units with private outdoor spaces, two (2) one-bedroom units, and one (1) studio unit.
The building is fully occupied, offering strong in-place cash flow coupled with significant value- add upside through renovation strategy.
447 West 22nd Street is ideal for either an investor or an end-user seeking an irreplaceable asset in a prime Manhattan submarket, with in-place income from the units and the future ability to renovate all 6 units to benefit from the fully free-market status of the property. The property benefits from a 44' private rear yard, which is currently accessible only to a garden duplex unit. Due to the 100% free-market status, there is the future ability to convert the property into an incredible single-family townhouse
Co-Exclusive with Avison Young
Listing By: Douglas Elliman via Data Source: RealPlus MLS
Price History
| date | price | variance | type |
|---|
| 7/23/2024 | $6,500,000 | - | Listed |
listing agent: Ariel Cohen
