439 West 21st Street, #12345
$6,895,000
($1,652 per ft2)
| 10 beds, 7 baths | Approx. 4,175 ft2
198 days on Market
Key Details
-
Listed: May 7, 2024Days on Market: 198Building Type: RentalNeighborhood: Chelsea (Manhattan)
Est. Monthly Mortgage:
$36,587
Mortgage calculator
Total Est. Monthly Carrying Cost:
$36,587
($8.76/ft2)
Note: the above is based on a down payment of 20% ($1,379,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Property Details: The property spans a total floor area of 4,175 square feet. Constructed in 1910, the building has been well-maintained, preserving its historic charm while offering modern comforts.
- Prime Location: This luxury multi-family townhouse is located in the highly sought-after West Chelsea neighborhood, situated on a serene, tree-lined street surrounded by historic landmark houses. It's in close proximity to notable Chelsea attractions such as Chelsea Piers, the High Line, and Chelsea Market.
- Variety of Living Spaces: The property includes five studios and a triplex, offering a variety of living spaces. The garden floor triplex has undergone high-end renovations, and there's potential for future conversion into a single-family residence.
- Investment Opportunity: With strong rental cash flow, this property presents a compelling opportunity for investors. The building comprises 8 apartments across 4 floors, providing a steady income stream.
- Development Potential: The property comes with unused air rights to construct an additional 1.5 stories. It has 1,135 square feet of available air rights for potential future development, adding value to your investment.
- Ample Outdoor Space: The townhouse features a 35-foot-deep private rear yard, providing ample outdoor space. The rear yard spans 740 square feet, offering additional space for relaxation or entertainment.
Description
For sale is a luxury multi-family townhouse that includes five studios and a triplex with two bedrooms and one and a half bathrooms. This property is located on one of the most exquisite blocks in Chelsea, surrounded by charming historic landmark houses.
Situated in a prime location between Ninth and Tenth Avenue, this property is considered a prestigious asset in highly sought-after West Chelsea. Nestled on a serene tree-lined street, it offers a tranquil setting.
The townhouse enjoys close proximity to several notable Chelsea attractions, including Chelsea Piers, the High Line, and the world-renowned Chelsea Market.
Currently, the layout comprises two studios with market rates, two occupied rent-stabilized units, and one vacant rent-stabilized studio that could potentially be combined with the free market triplex. Additionally, the property boasts a 35-foot-deep private rear yard, providing a delightful outdoor space.
This property presents a compelling opportunity for both investors and end-users due to its strong rental cash flow and various value-add features:
Development potential utilizing the unused air rights to construct an additional 1.5 stories.
A garden floor triplex with high-end renovations, offering an excellent live-in plus income opportunity.
Potential for future conversion into a single-family residence.
The asking price for this remarkable property is $6,895,000. It comprises a total floor area of 4,175 square feet and features six units in total, including five studios and one triplex.
The rear yard spans 740 square feet, providing ample outdoor space. Moreover, the property has 1,135 square feet of available air rights for potential future development. The lot dimensions measure 1983, while the building dimensions are 1944.
Situated in a prime location between Ninth and Tenth Avenue, this property is considered a prestigious asset in highly sought-after West Chelsea. Nestled on a serene tree-lined street, it offers a tranquil setting.
The townhouse enjoys close proximity to several notable Chelsea attractions, including Chelsea Piers, the High Line, and the world-renowned Chelsea Market.
Currently, the layout comprises two studios with market rates, two occupied rent-stabilized units, and one vacant rent-stabilized studio that could potentially be combined with the free market triplex. Additionally, the property boasts a 35-foot-deep private rear yard, providing a delightful outdoor space.
This property presents a compelling opportunity for both investors and end-users due to its strong rental cash flow and various value-add features:
Development potential utilizing the unused air rights to construct an additional 1.5 stories.
A garden floor triplex with high-end renovations, offering an excellent live-in plus income opportunity.
Potential for future conversion into a single-family residence.
The asking price for this remarkable property is $6,895,000. It comprises a total floor area of 4,175 square feet and features six units in total, including five studios and one triplex.
The rear yard spans 740 square feet, providing ample outdoor space. Moreover, the property has 1,135 square feet of available air rights for potential future development. The lot dimensions measure 1983, while the building dimensions are 1944.
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Listing courtesy of
UbiQ NY Ltd
Pricing History
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