$9,000,000
Updated 8 years ago
Off Market

169 West 22nd Street

Chelsea, Manhattan | Seventh Ave & Ave of the Americas

3,756 Square FeetMixed Use

$9,000,000
floors / apts4 / 5
Lot Size15'x60'
ZoneR8A
Building TypeLow-Rise
RE Taxes$52,503
Price Per SF
$2,396

Listing Features

  • Gas Heat
  • Through The Wall

Outdoor space and views

  • City Views
  • Skyline Views
  • Townhouse Views

Building Amenities

  • Voice Intercom

Property Description for 169 West 22nd Street

First Sale in over two decades:
additional 1500 Sq.Ft of air rights available.
Call for Confidential offering. Could be delivered vacant.
Corner Mixed use building located in the heart of prime Chelsea District of Manhattan, adjacent to Meat Packing District (MPD), West Village, NoMad and Union Square; In the area with high density of popular restaurants, shops, theaters and museums.
Considered Options:
Hold & Rent Out (with and without financing)
Develop 1st-2nd floors – retail duplex, 3rd-6th floors – residential lofts & Rent Out (with and without financing)
Develop 1st-2nd floors – retail duplex, 3rd-6th floors – residential loft condos & Sell (with and without financing.
Additional Assumptions:
-Acquisition closing time – by September 2016
-Condominium sales complete – by March 2018
-Expected IRR is 30% per year
-5400 Sq.Ft of total developable area

Listing History for 169 West 22nd Street

Now
09/30/2016
POM by Elliot Bogod
Broadway Realty
06/06/2016
$9,000,000
Initial Price by Elliot Bogod
Broadway Realty

Building Details for 169 West 22nd Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts4/5
Learn More About the Building

Transit and Citi Bike

Subway

23 St
0.07 miles
23 St
0.12 miles
18 St
0.21 miles
23 St
0.25 miles
28 St
0.3 miles

Citi Bike

W 21 St & 6 Ave
0.11 miles
W 24 St & 7 Ave
0.12 miles

Contact Agent

Contact Agent

Elliot Bogod
Broadway Realty

Chelsea | Manhattan

Quick Profile

The row houses portray the world-class architecture of Greek Revival, Italianate and Georgian styles. The population is both ethnically and socially diverse, which is reflected in the restaurants and retail businesses in the neighborhood. 

Western Chelsea is the center of the NYC art world, where you will find more than 200 art galleries housed in rehabbed factories and warehouses, as well as in newly-constructed buildings.

While people of many different cultures call Chelsea home, it has been a mecca over the years for people in the LGBTQ community. One census reported that as many as 22% of its residents were gay couples. Eighth Avenue is a trendy area for LGBTQ-oriented dining and shopping. Although it no longer draws the LGBTQ population that it once did, Chelsea still has many popular alternative bars.  

Chelsea is primarily residential, consisting of a mixture of diverse complexes, low-rise apartment blocks, tenements, townhouses, renovated row houses, and luxury high-rises. 

Chelsea is an interesting and sought-after place to live, with unique clothing boutiques, restaurants, and delis representing cultures from around the world. In addition to its quirky establishments, Chelsea has fine dining restaurants and a vibrant, hip nightlife, which adds to its allure.

Chelsea is well-served by public transportation. At least six city bus routes traverse Chelsea. There are three NYC subway routes with stops on Seventh Avenue, three on Eighth Avenue, and two more on Sixth Avenue. The 34th Street - Hudson Yards Station opened in 2015 with its main entrance in Chelsea.  

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 65000TH