About this property
Don’t miss out on this rare investment opportunity – Bien Realty is brokering the sale of two multi-unit brownstone buildings on the tree-lined Chelsea Seminary block. The first building, 447 West 22nd has six fair market units, and with just a few strategic upgrades you can substantially increase your rental income. Asking price is $6,500,000.
There are several exciting possibilities for this property. Undergo a gut renovation and transform it into a single-family home, as it was originally intended. Imagine the satisfaction of designing and building your own dream home from scratch, in one of the city’s most coveted neighborhoods.
Or use it purely as an investment property and enjoy a steady, substantial income stream. With a few cosmetic upgrades, you’ll be able to command premium rents for the units. There’s also the option for you to live on site and rent out the remaining apartments. And that’s not all – the neighboring building is also on the market for the same price. If you decide to acquire both properties, you could restore one building as a single-family home and generate rental income from the units in the second building.
This is a unique chance to build your real estate portfolio in a way that suits your lifestyle and supports your financial goals. Contact me for the rent roll and video tours of the units – this building won’t be available for long.
Approximately 4,935 square feet
All fair market units
4 apartments with outdoor space
Great as a multifamily unit with the option to convert it into a condominium
Walking distance the Highline, The Avenue School, Whole Foods, Chelsea Piers, Hudson Yards, Cookshop, Billys Bakery, and the Empire Diner
Citibike station on the block
Close proximity to the Chelsea Piers, Flat Iron, West Village and Hudson Yards attractions
The building next door is also available for $7,500,000.
