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242 Tenth Ave 6 Unit Apartment Building $10,750,000 ($1,791,667/Unit) New York, NY 10001
Investment Highlights
- Prime West Chelsea Location: Positioned on the northeast corner of West 24th Street and Tenth Avenue
- Fully Renovated Residential Units: The residential component has undergone a comprehensive gut renovation
- Unique Restaurant Features: The retail component includes charming outdoor garden seating and a separate building for takeout operations
- Turnkey Mixed-Use Asset: Four-story, mixed-use building featuring one retail unit and six residential apartments, all of which are free-market units
- Vacant Retail Opportunity: The ground-floor retail space, formerly occupied by Orchard Townhouse, will be delivered vacant
- High-End Investment Profile: Ideal for investors seeking a stabilized, luxury mixed-use asset with Tax Class 2B status
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price | $10,750,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $1,791,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 6 | Building Size | 5,738 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | R7B / C2-5, New York - Medium density contextual residential/ Commercial | ||
| Price | $10,750,000 |
| Price Per Unit | $1,791,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,738 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | R7B / C2-5, New York - Medium density contextual residential/ Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 626 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 0722-0001 | Improvements Assessment | $625,176 |
| Land Assessment | $86,254 | Total Assessment | $711,430 |
Property Taxes
Parcel Number
0722-0001
Land Assessment
$86,254
Improvements Assessment
$625,176
Total Assessment
$711,430
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242 Tenth Ave
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