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227 W 15th St
New York, NY 10011
Multifamily Property For Sale
·
18 Units
Investment Highlights
- 10 of the 18 units (55%) are currently Free Market including combined units 5 & 6 and 9 & 10.
- The Property is within two blocks of the 7th Avenue subway [1,2,3] trains, the A,C,E,L on 8th Avenue and 14th Street.
- The property features individual gas heating systems for each unit. The tenants pay for their own heat resulting in lower operating costs.
- Located at the nexus of Manhattan’s Greenwich Village and Chelsea, the neighborhood is a magnet for millennials.
- The rents at the Property are substantially below market and the building is in good physical condition and has been well maintained.
- The proximity of the property to NYU and public transportation combined with the low rents make this a safe and stable investment opportunity.
Property Facts
| No. Units | 18 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 10,065 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1901 |
| Building Class | B | ||
| Zoning | R8B - Contains minimum lot area of 1,700 SR, lot width 18-feet, rear yard 30-feet and FAR tops at 4.99. Base height runs 55'-60', bldg height 75-feet. | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 10,065 SF |
| No. Stories | 5 |
| Year Built | 1901 |
| Zoning | R8B - Contains minimum lot area of 1,700 SR, lot width 18-feet, rear yard 30-feet and FAR tops at 4.99. Base height runs 55'-60', bldg height 75-feet. |
Amenities
Unit Amenities
- Ceiling Fans
- Hardwood Floors
- Stainless Steel Appliances
Site Amenities
- Courtyard
- Gas Range
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
Property Taxes
| Parcel Number | 0765-0021 | Improvements Assessment | $870,430 |
| Land Assessment | $128,250 | Total Assessment | $998,680 |
Property Taxes
Parcel Number
0765-0021
Land Assessment
$128,250
Improvements Assessment
$870,430
Total Assessment
$998,680
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