206-208 W 21st St | New York, NY 10011
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- LoopNet Team
206-208 W 21st St
New York, NY 10011
Multifamily Property For Sale
·
47 Units
Investment Highlights
- Prime Chelsea Location: Located on a desirable residential block between Seventh and Eighth Avenues, offering long-term demand fundamentals
- Renovated Inventory with Upside: 25 of 26 free market units and 10 of 21 rent-stabilized units have been renovated.
- Long-Term Hold with Embedded Value: A well-located, high-occupancy multifamily asset with in-place cash flow, near-term rent growth opportunities
- Scale + Income Stability: 47 residential units across four stories with 100% occupancy, generating immediate and diversified income across stabilized
- Development Optionality: 6,482 SF of unused air rights allows for future vertical expansion or repositioning
Property Facts
| No. Units | 47 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 13,318 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1920/1987 |
| Building Class | C | ||
| Zoning | R8B - R8B Zoning is considered “high density” residential zoning. It typically has multifamily buildings that are often 6 or 7 stories. | ||
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 13,318 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1920/1987 |
| Zoning | R8B - R8B Zoning is considered “high density” residential zoning. It typically has multifamily buildings that are often 6 or 7 stories. |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 47 | - | 215 |
Property Taxes
| Parcel Number | 0770-0045 | Improvements Assessment | $2,100,870 |
| Land Assessment | $392,850 | Total Assessment | $2,493,720 |
Property Taxes
Parcel Number
0770-0045
Land Assessment
$392,850
Improvements Assessment
$2,100,870
Total Assessment
$2,493,720
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