203 West 22nd Street

203 W 22nd St Chelsea, Manhattan, NY 10011

$6,495,000
Price
5
Beds
5
Baths
2,548 Sq. Ft.
/ Sq. Ft.
2,548
Sq. Ft.
per Sq. Ft.

Property Details for 203 West 22nd Street

StatusActive
Year Built1901
DOM41
Compass TypeTownhouse
MLS Type-
Lot Size-
Taxes$3,000 / month
Maintenance-
Minimum Down Payment-
CountyNew York County

Building

203 W 22nd St

4 Units4 StoriesBuilt in 1901

Listing Agent

Contact Agent(s)

Description


NEWLY RENOVATED MODERNIST TOWNHOUSE: 100% Free Market Rate Tenants In Place - Strong In-Place Cash Flow & Future Upside!


FAR Available — Can Be Built Up — Ideal Income Earner or Single Family Conversion w/Build-Up Potential


Gut Renovated, Prime Chelsea Townhouse: Redone Pre-war Facade & New Designer Construction Throughout


Supremely located in one of Manhattan’s most vibrant and coveted downtown neighborhoods — with close proximity to the Chelsea Gallery District and most every area hot spot (including
... Hudson Yards) — this fully redone, four-story multifamily property has tremendous upside potential.


With a strong in-place rent roll and proven high demand for units in this home and area, this rare property can be a smart long-term hold — even for an overseas or hands-off investor. The pristine building is also well suited for a condominium conversion or a single family conversion. The property is not landmarked, and there are approximately 2400 square feet of air rights included.


Currently configured as 4 free-market, market-rate tenants-in-place, all apartments are bright, attractive, modern, and pristine. This feel-good building has been artfully reinvented and reimagined as stylish and popular apartments — homes that have consistently proven to be magnets for qualified, market-rate tenants seeking a high-quality home in a stellar location.


On coveted West 22nd Street — a stone’s throw from every prime Chelsea transportation, shopping, dining, fitness, and cultural destination, the entire home has been lovingly re-built anew – offering a fresh beginning for a 21st Century life in a classic shell. Each home in the building is energy-independent, with its own hot water heater and its own central HVAC and washer/dryer units. There is no building boiler or infrastructure to concern a landlord, and there is a terrific building Super (lives nearby) in place.


This brand-spanking-new, stellar construction lays out as follows:


Floor One & Garden Level: Duplexed, dual-entry, floor-through residence with two bedrooms, two baths, open eat-in kitchen with dishwasher, washer/dryer, a large living room with private backyard garden access, high ceilings, wide-planked wood floors, both Southern and Northern exposures, and virtual doorman service.


Floors Two Through Four: Floors two, three, and four each offers a floor through one bedroom, one bathroom residence with top-shelf, stainless appliances (including dishwasher and washer/dryer), high ceilings, wide-planked wood floors, both Southern and Northern exposures, and virtual doorman service.


NOTE: FAR exists that allows owner to build atop floor four — one could explore creation of a duplexed top-floor penthouse with outdoor space. This addition would also serve as upside for a condo conversion or for a single-family home conversion.


Impressive market rate rent roll available upon request, depicting rent comparable to full service building rates.


Here is in-place income in a building that practically runs itself — in one of prime Chelsea’s freshest, smartest new modernist homes. Here is your unique opportunity to acquire an entirely free market investment property with multiple options for future use.



Amenities

Hardwood FloorsDryerCentral ACPantryVirtual DoormanRenovated KitchenBack YardVoice Intercom

Location

Listing Agent

  1. Brian K. Lewis

    Listing Agent

    Compass

    blewis@compass.com

    P: 646.228.7241

Building Information for 203 West 22nd Street

Stories4Residences4Year Built1901Building Size680 SF / 17' x 40'Lot Size-Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$26,361 per month

30 year fixed, 3.51% Interest

Principal and Interest

$23,361

Property Taxes

$3,000

HOA Dues

$0

Similar Homes

Property History for 203 West 22nd Street

DateEvent & SourcePriceAppreciationLink
Sep 9, 2019Listed (Active)

Manual #0f59cc79babb4e12f8bf5d849dc3907117d45ec7

$6,495,000
Jan 5, 2017Sold

RLS #OLRS-0065754

$4,250,000
Aug 9, 2016Contract Signed

RLS #OLRS-0065754

$3,600,000
DateEvent & SourcePrice
09/09/2019
Listed (Active)

Manual #0f59cc79babb4e12f8bf5d849dc3907117d45ec7

$6,495,000
01/05/2017
Sold

RLS #OLRS-0065754

$4,250,000
08/09/2016
Contract Signed

RLS #OLRS-0065754

$3,600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 203 West 22nd Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
The High School of Fashion IndustriesPublic9-120.1 mi
5
Ps 11 William T HarrisPublicPK-50.2 mi
7
Liberty High School Academy For NewcomersPublic9-120.2 mi
2
Manhattan Village AcademyPublic9-120.3 mi
9

The High School of Fashion Industries

9-12, 0.1 mi, Public

5

Ps 11 William T Harris

PK-5, 0.2 mi, Public

7

Liberty High School Academy For Newcomers

9-12, 0.2 mi, Public

2

Manhattan Village Academy

9-12, 0.3 mi, Public

9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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203 West 22nd Street is a townhouse for sale in Chelsea, Manhattan, NY 10011. This property was listed for sale on September 9, 2019 by Compass at $6,495,000. It has been on the market for a total of 41 days and was last sold on January 6, 2017. Nearby schools include Guardian Angel School, Manhattan Bridges High School and New Design High School. 203 West 22nd Street is a 5-bed, 5-bath, 2,548 sqft townhouse built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY