7 W 24th St - Apartments FOR SALE


New York, NY 10010- Chelsea
$14,999,000 USD
917-848-6928
7 W 24th St, New York, NY for Sale
$14,999,000 USD
Apartments - FOR SALE
1/26
null | 4% Cap Rate

7 W 24th St
New York, NY 10010
Chelsea


HIGHLIGHTS

  • Prime Flatiron Location
  • High Ceiling Spacious Lofts
  • Skylights
  • Private Decks
  • Exposed Brick and Tin Ceilings
  • Ground Floor Retail

OVERVIEW

Superbly located and fully occupied, 7 West 24th Street is a five-story mixed-use building offering a turnkey income-producing investment or future development opportunity. The building includes ground-floor retail and six residential apartments above. Built in 1925, this prime Flatiron gem measures 24 feet wide on a 98-foot-deep lot. The ground-level retail is occupied by a thriving dermatology practice. The residential units include two full-floor two-bedroom apartments and four half-floor one-bedroom apartments, all well-updated with great character and ceiling height. Leases have built-in escalations and the building has development potential. Setup available upon request.

FOR SALE DETAILS

PRICE

$14,999,000 USD

PRICE/SF

$1,798 USD /SF

# OF UNITS

7

PRICE/UNIT

$2,142,714

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,274 SF

ZONING

K4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Armen MeschianCore Group Marketing LLCMore Info
917-848-6928

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Armen MeschianCore Group Marketing LLCMore Info
917-848-6928

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.