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Gym U NYC 213-219 W 23rd St 12 Unit Apartment Building $18,212,716 ($1,517,726/Unit) 6% Cap Rate New York, NY 10011
Investment Highlights
- Generational Real Estate – High-Traffic Manhattan Location
- Significant Tenant Investment – Scaled, Multi-Level Fitness Facility
- Rare Triple-Net Lease in Manhattan
- Growing Membership Base Driving Performance with Recuring Revenue
Executive Summary
Generational Real Estate – High-Traffic Manhattan Location | Frontage on West 23rd Street, between 7th and 8th Avenue. 23rd Street is a major Manhattan thoroughfare, providing strong traffic visibility and consistent pedestrian activity in the heart of Chelsea.
Property Facts
| Price | $18,212,716 | Apartment Style | Mid-Rise |
| Price Per Unit | $1,517,726 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 6% | Building Size | 27,000 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 10 |
| Property Subtype | Apartment | Year Built | 2004 |
| Zoning | C6-2 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Price | $18,212,716 |
| Price Per Unit | $1,517,726 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 27,000 SF |
| Average Occupancy | 100% |
| No. Stories | 10 |
| Year Built | 2004 |
| Zoning | C6-2 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0773-1101 | Improvements Assessment | $1,676,455 |
| Land Assessment | $88,770 | Total Assessment | $1,765,225 |
Property Taxes
Parcel Number
0773-1101
Land Assessment
$88,770
Improvements Assessment
$1,676,455
Total Assessment
$1,765,225
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Gym U NYC | 213-219 W 23rd St
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