447 West 22nd Street

New York, NY

Download Offering Memorandum

Overview

Summary

  • Building Size 4,935 SF
  • Number of Units 6
  • Asking Price $6,500,000

Avison Young has been engaged by the ownership as exclusive agents to sell 447 West 22nd Street (the “Property”), a 100% free-market, six-unit multifamily townhouse property located in the heart of the West Chelsea neighborhood of Manhattan. The 5-story, 20’ wide multifamily building encompasses 4,935 square feet with six (6) residential units. Of the six (6) units, there is one (1) three-bedroom, two-bathroom garden duplex with a large, garden-use private backyard, two (2) three-bedroom units with private outdoor spaces, two (2) one-bedroom units, one of which has an outdoor deck, and one (1) studio unit. The building is fully occupied, offering strong in-place cash flow coupled with significant value-add upside through a renovation strategy.

Investment Highlights

4,935 total SF across five stories with six (6) residential apartments

Residential unit mix comprised of three (3) large three bedrooms all with their own private outdoor spaces, two (2) 1 bedrooms and one (1) studio unit

100% free market units
44’ foot rear yard which provides an abundance of natural light

Located on one of the best tree-lined blocks in Chelsea

Team

Mitchell Levine

Mitchell Levine

Director
Avison Young - US - NY - New York
646 554 5239
Ryan McGuirl

Ryan McGuirl

Associate Director
Avison Young - US - NY - New York
908 392 0109