Updated 10 years ago
Off Market
439 West 21st Street
Chelsea, Manhattan | Ninth Ave & Tenth Ave
7 Baths3,600 Square FeetMulti-Family
$5,375,000
floors / apts4 / 7
Lot Size18'9"x83'
Building TypeTownhouse
RE Taxes$21,000
Price Per SF
$1,493
Listing Features
- Architectural Dtls
- New Windows
- Restored Details
Outdoor space and views
- Backyard
- Terrace
- City Views
- Garden Views
- Hudson River
- Park Views
- Partial City
- Partial Park Views
- Partial River
- Skyline Views
- Townhouse Views
- Treeline Views
Building Amenities
- Voice Intercom
Property Description for 439 West 21st Street
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to offer for sale 439 West 21st Street (Block: 00719-0019) between Ninth and Tenth Avenue. This four story townhouse sits on a 19 by 83 foot lot, and is built 19 by 44 feet deep. The approximate gross square footage is 3,600 and it is zoned R7B.
Situated on the most coveted block in West Chelsea, this opportunity is ideal today for live-plus income and a future single family home. This 19-foot wide property is located on a quiet tree-lined block across from the brand new “West” condominium development and the High Line Hotel. Additional neighborhood highlights include: Chelsea Highline, Chelsea Piers, Avenues: The World School and easy access to the 1, C and E-Line Subways on 23rd street.
The layout currently consists of five studio apartments and a state of the art one-bedroom triplex with a private terrace a private finished basement. The ground floor studio has a 35 foot deep private garden. All the free market apartments have been gut renovated and are in turn-key condition. Of the six units, three are stabilized and three are free market.
INVESTMENT HIGHLIGHTS
• 19 Foot Wide Renovated Brownstone Located on Tree-Lined West Chelsea Townhouse Block
• Price Point: Under $5,500,000 on Prime West Chelsea Block
• Future Single Family Conversion Opportunity
• Excellent Live/User Income Opportunity: High End Renovations in Ground Level Triplex
• Tax Class 2B: Increases Capped at 8% Per Year and No More than 30% Over Any Given 5-year Period
• Additional Refinished Basement
• Available Air Rights: 1,131 Square Foot (Approved to Build 1.5 Additional Stories)
Building Details for 439 West 21st Street
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/7
Transit and Citi Bike
Subway
23 St
0.28 miles
14 St
0.35 miles
8 Av
0.42 miles
23 St
0.42 miles
18 St
0.44 miles
Citi Bike
9 Ave & W 22 St
0.08 miles
W 20 St & 10 Ave
0.09 miles
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: 38172TH
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