404 West 22nd Street

Chelsea, Manhattan, NY 10011

NEWER NEWEST NEWS!

Drum Roll for a SIGNIFICANT $500,000 PRICE REDUCTION to a new ask of $5,450,000!

This makes us the best priced Income-producing house in Chelsea and trumpets that the seller is REAL!

NEW Year

NEW Rents

NEW Income

NEW Price

and an Improved Cap Rate.


Located on arguably one of the most beautiful blocks in all of West Chelsea, this townhouse is mere steps away from the High Line, Hudson River, Chelsea Piers athletic complex, Chelsea Market, abundant first rate restaurants and the stimulating NYC art scene. Moreover, the property offers infinite possibilities. While the building still might work a tad better for a user, the newest numbers make it more attractive to investors. Quite frankly, the property offers infinite possibilities, ranging from an out-of-town pied-a-terre owner who can pay for his or her trips and have a place to stay in NYC to a first time home buyer wanting to live in an A+ area. The latter can begin with a single unit and grow into the remainder of the townhouse as needed-all the while collecting income to help defray expenses. The building is set-up with 5 residential free market rentals. It was renovated from top to bottom in 2014 and many original details were retained. The finishes are similar to what one expects in a high end condo. Each unit contains a washer/dryer, dishwasher and even a TOTO toilet. Once you are inside this building, despite the 14ft width, the proportions of the house--especially the high ceilings and the placement of the bannister--are such that you will be most pleasantly surprised how roomy these 3920 square feet feels. For your convenience updated figures follow.

Be sure to call for an appointment today!