447 West 22nd Street
New York, NY 10011

Cross street:Ninth Avenue

Building

Type:Townhouse
Era:Post-war
Floors:5

Property

Ownership: Income Property
Rooms: 20
Bedrooms: 11 BR
Bathrooms: 6

Financials

Price: $6,500,000
505 Park Ave, New York, NY 10022
Listing Courtesy of Douglas Elliman Real Estate

Description

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

Amenities

Laundry Room;

  • Laundry Room
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

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.


OLR IDX

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