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315 W 18th St 15 Unit Apartment Building $3,500,000 ($233,333/Unit) 1.64% Cap Rate New York, NY 10011
Investment Highlights
- Prime Chelsea Location – Positioned in the heart of Chelsea, steps from Hudson River Park, major transit lines, and a vibrant mix of dining, retail, a
- Value-Add & Long-Term Upside – Approximately 4,400 SF of building area on a 2,024 SF lot, presenting investors with long-term appreciation and operati
- Strong Income-Producing Asset – 15-unit SRO configuration with 4 full bathrooms, offering consistent rental demand and attractive cash-flow potential
Property Facts
| Price | $3,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $233,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 1.64% | Building Size | 12,000 SF |
| No. Units | 15 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | R7B | ||
| Price | $3,500,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| Cap Rate | 1.64% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 12,000 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | R7B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 0742-0027 | Improvements Assessment | $290,250 |
| Land Assessment | $114,300 | Total Assessment | $404,550 |
Property Taxes
Parcel Number
0742-0027
Land Assessment
$114,300
Improvements Assessment
$290,250
Total Assessment
$404,550
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315 W 18th St
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