222 W 16th St
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222 W 16th St
14 Unit Block of Flats £6,103,110 (£435,936/Unit) New York, NY 10011
Investment Highlights
- Exposed brick.
- Hardwood Floors.
- Laundry Room.
- Garage option.
- Roof Deck.
Executive Summary
The subject property is a four-story building consisting of a total of fourteen (14) units and a three-story carriage house located in the heart of Chelsea. The front building is entirely free market and has eight (8) residential units, consisting of two (2) studios, five (5) one bedrooms, and one (1) two-bedroom. The carriage house consists of six (6) studio units, of which one (1) is vacant. All leases in the front building expire in less than a year, providing an opportunity for a single-family conversion. There are also additional air rights attributed to the site to maximize the potential. The location and potential for the property provide a developer, user or investor with an ideal purchase.
A good portion can be delivered vacant, making it ideal for investors and end users alike.
Financials and rent roll available upon request.
A good portion can be delivered vacant, making it ideal for investors and end users alike.
Financials and rent roll available upon request.
Property Facts
| Price | £6,103,110 | Building Class | C |
| Price Per Unit | £435,936 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 6,550 SF |
| No. Units | 14 | Average Occupancy | 93% |
| Property Type | Residential | Number of Floors | 4 |
| Property Subtype | Apartment | Year Built | 1890 |
| Apartment Style | Mid Rise |
| Price | £6,103,110 |
| Price Per Unit | £435,936 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,550 SF |
| Average Occupancy | 93% |
| Number of Floors | 4 |
| Year Built | 1890 |
Unit Amenities
- Air Conditioning
Site Amenities
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
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Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 0765-0056 | Improvements Assessment | £618,194 |
| Land Assessment | £125,333 | Total Assessment | £743,527 |
PROPERTY TAXES
Parcel Number
0765-0056
Land Assessment
£125,333
Improvements Assessment
£618,194
Total Assessment
£743,527
zoning
| Zoning Code | R8B (High density residential district) |
| R8B (High density residential district) |
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222 W 16th St
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