336 W 19th St 21 Unit Apartment Building $5,500,000 ($261,905/Unit) 6.82% Cap Rate New York, NY 10011

336 West 19th Street is a 21-unit Chelsea apartment building offering immediate cash flow and significant upside. The property consists of 8 market-rate apartments and 13 SRO units, with 6 SRO units currently vacant, creating a clear lease-up opportunity for a value-add investor.
Built in 1910, the four-story walk-up building. The property encompasses approximately 6,546 square feet on a 2,300 square foot lot and features efficient layouts consistent with classic early 20th-century Manhattan multifamily construction.
Located on one of Chelsea’s most desirable tree-lined blocks, the building is steps from The High Line, Chelsea Market, Hudson River Park, and major subway lines. The property  was previously appraised at $6.6 million, highlighting its long-term investment appeal.
Investment Highlights
- Four-story pre-war multifamily rental building in Chelsea
- 21 residential units consisting of 8 market-rate apartments and 13 SRO units
- 6 vacant SRO units offering immediate lease-up and value-add potential
-Ideal for multifamily operators, private investors, and family offices
- Proximity to major Chelsea destinations including the High Line, Chelsea Market, and Hudson River Park
This is an opportunity to acquire a well-located Manhattan asset with both current income and a clear path to increasing value through active management.