Versatile Three-Family Townhouse Opportunity

426 West 22nd Street, Chelsea, NY, 10011, USA
USD|7490000USD $7,490,000
MLS 21188300
Web code BTFH
Status Active

Key Details

Total Beds
8
Full Baths
5

Overview

As featured in the New York Post, Curbed NY, 6SqFt, and a finalist in the HGTV Ultimate House Hunt, Brown Harris Stevens is pleased to offer the following three-family townhouse opportunity. Situated between Ninth and Tenth Avenue on one of the most coveted blocks in West Chelsea, this approximate 4,180 square foot, townhouse offers the ideal live plus income opportunity. The recently-renovated ground floor duplex is optimal for a user, comprised of approximately 2,306 square feet. This pristine unit includes three bedrooms, three bathrooms, four wood burning fireplaces, a washer/dryer, and a host of high-end appliances. The beautifully landscaped 818...

square foot private garden can be used as a personal refuge from the city or act as a spacious venue for hosting guests. The other two units each boast tremendous character with exposed brick, high ceilings, two working fireplaces in each and private outdoor spaces. In addition to providing a live plus income opportunity, this turn-key historic townhouse encompasses three, free market apartments exempt from rent-stabilization laws. This affords a new buyer with a variety of immediate investment scenarios, including but not limited to live plus income, conversion to a single family mansion, boutique condominium conversion, or as a buy and hold rental with cash flow upside through additional property renovations. This quiet, tree-lined block attracts high profile owners and renters who enjoy this exclusive neighborhood's charm and close proximity to the Hudson River, Chelsea Piers, The Highline, Chelsea Market, Avenues: The World School, the Meatpacking District, and the Path, 1, 2, A, C, E and L subway lines. An executive summary with additional property information, current rent rolls, and expenses can be provided upon request.

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