Listed by Brax Realty Group LLC
Unpriced
220 West 16th Street
Details
Property Type Retail, Multifamily
Sub Type Apartment Building, Development Site
Square Footage 6,250
Units 9
Occupancy 100%
Tenancy Multi
Stories 5
Lot Size (SqFt) 2,581
Zoning R8B
Investment Type Value Add
Ownership Long Term
Retail | 6,250 SqFt
Marketing description
Brax Realty has been retained to exclusively represent ownership in the sale of 220 West 16th Street, between 7th Avenue & 8th Avenue in Manhattan. Located in the heart of the Chelsea, 220 West 16th Street is located between 7th Avenue & 8th Avenue and within a few blocks from the A,C,E,L,1,2,3 Subway and 1 block from the Google Building. The 5 story walkup consists of +/- 6,250 SF with 8 Apartments and 1 Commercial Space. The lease for the commercial space expires in November of 2018 and there is a full usable basement.
Investment highlights
- Mixed-use building in the heart of Chelsea - 1 block from Google building
- 8 Apartments & One Store with full usable basement & rear yard
- Store rent well under market & lease expiration 2019
- 8 Large One–Bedroom Units
- Units can be converted into two bedrooms
- Long term ownership – 35 years
- Tax class – 2B
- Additional Usable Air Rights 4,078 Sq/Ft
Listing Contacts
Listed by Brax Realty Group LLC
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