359 West 20th Street

About this property

Stately 21.5’ brownstone located on prime, tree-lined, landmarked block. This lovingly maintained Italianate style brownstone is full of prewar charm and is currently configured as 5 full-floor FREE MARKET rentals – in today’s market, the total monthly rent roll for the 5 units is conservatively $32,500/mo (currently 2 vacant, 2 month-to-month, 1 with lease through the summer of 2023). The building is well-maintained and features well-preserved prewar architectural details throughout including original intricate woodwork, ornate marble fireplaces with beautiful cast iron cover doors (one fireplace on each of the 6 floors), antique French shutters, and soaring ceilings. The building's mechanicals and the individual units have been regularly updated and serviced by a live-in owner/landlord who took immense pride in the building. Keep this brownstone as an income producing asset with an attractive CAP rate or convert to a grand single-family home on one of Chelsea’s finest blocks! Layout Garden Floor: Separate street-level entrance. 1 Bedroom and 1 full bath with large living room and open kitchen. Direct access to verdant and lush gardens. Parlor Floor: Dramatic ~12’ ceilings with beautiful prewar moldings and woodwork throughout. Recently updated kitchen and bath, XL king-sized bedroom, and nearly floor-to-ceiling French doors that open to Juliette balconies overlooking the tranquil garden. Third and Fourth Floors: Large south facing living rooms with distinct dining areas and open kitchens. 1 king-sized bedroom and 1 full-sized bedroom (or home office). Bedrooms face north over quiet gardens. Fifth Floor: Vaulted beamed ceilings up to nearly 13’ high. 2 bedrooms and 2 full baths. Large set back south-facing terrace. Exposed brick walls. Basement: The basement is fully finished with large den, kitchenette, and bathroom. There is a coin operated laundry room for tenants. Mechanical areas are clean and well-maintained. There is ample storage space.

Listing Courtesy of Philip McCarthy