The Chelsea Five Multi-Family FOR SALE


New York, NY - Chelsea
$15,000,000 USD
212-589-5124
, New York, NY for Sale
$15,000,000 USD
Multi-Family - FOR SALE
1/7
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The Chelsea Five
New York, NY
Chelsea


HIGHLIGHTS

  • 5 Buildings
  • 46 Total Units
  • 26,000 Above Grade SF
  • 20,500 SF of Air Rights

OVERVIEW

This portfolio is made up of five buildings across four tax lots with combined 25,777 gross square feet. The portfolio has a total of 46 units, 40 residential, 6 commercial, and 1 antenna. It has been in the same family ownership for over 120 years. In a preeminent Chelsea corner location, the investment has 162' of wraparound frontage in the heart of the esteemed residential neighborhood. The portfolio has excellent covered land opportunity with 46,334 of buildable square footage. This is a diverse income stream with excellent long-term upside. It is conveniently located near a wide array of public transportation options that provide access to the entire City.

ASK ABOUT THIS PROPERTY

Andrew BerryCushman & WakefieldMore Info
212-589-5124

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Andrew BerryCushman & WakefieldMore Info
212-589-5124

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