326 West 19th Street

PRICED TO SELL!!! ALL SERIOUS OFFERS CONSIDERED! Rarely does a prime, Chelsea, multi-family townhouse, of this calibre, become available. 326 West 19th Streets beautifully restrained, mid-century modern, brownstone facade, sits on an elegant row of historic townhouses, and is located on lovely tree-lined street. It exudes the charm and class of its townhouse roots, while having been updated and meticulously maintained as an income producing apartment building. Invest in it as is; with a large owners garden unit and 4 apartments above; or use its additional build-able rights to expand the property into a large single family home, with a penthouse addition viable. One thing thats certain is that this is an opportunity to own a building with room to grow and appreciate, in the heart of one of Manhattans hottest neighborhoods.The subject property is a 22' X 50 building on a 22' X 92 lot. In addition to the existing 4200 SF building, it has over 1800 SF of additional build-able Air Rights, permitting expansion to a residence of over 6020 SF. It is zoned as quality housing R7B, and expansion is NOT restricted by any area Landmark Historic District designation. It contains three fair market, and two rent stabilized apartments. Current rental income exceeds $230,780 with much room for future upside. The large garden is secluded and elegantly landscaped, currently outfitted with a deck and Koi pond. Its perfect Chelsea location affords residents easy access to the cafes, restaurants and shops of Eight Avenue; and are a minute's walk to the Chelsea Gallery District, Meatpacking, and West Village. It is served by the A, C, E, 1, 2, and 3 Subway lines. Call us for specific information and to book a viewing.