Property Description for 426 West 22nd Street
Located between 9th and 10th Avenues, this three unit, 4,600 square foot townhouse is built 19.58 feet by 52 feet (on first two floors) and sits on a 20 foot by 93 foot lot (Block :719 Lot: 58). The property is zoned R7B and is Tax Class 1.
After 18 years of ownership, 426 West 22nd Street is being offered for $8,750,000, approximately $1,875 per square foot. Each unit boasts tremendous character with exposed brick, high ceilings, modest bedroom sizes, two working fire places and private outdoor spaces in each unit, including a south facing garden accessible by the Ground Floor Unit. This quiet tree-line block in West Chelsea attracts high profile owners and renters who enjoy this exclusive neighborhood’s charm and close proximity to gourmet dining, mass transit and the prestigious Avenues: The World School. This rare opportunity presents several different purchase scenarios: live plus income, conversion to a single family mansion, condo development or increase the current cash flow through renovations.
• Rare 19.5 Foot Wide Townhouse -Located on Most Coveted West Chelsea Block
• Ground Floor Unit has Private Access to South Facing Garden: 717 square feet (19.5x 36.8)
• Floor 2 & 3 Apartments Contain Private Terraces
• Every Apartment Contains Original Fireplaces
• One Block from The Highline
• Long Term Ownership: First Sale in 18 Years of Ownership
• Excellent Live Plus Income Opportunity or Townhome Conversion
• Low Annual Taxes: $39,636