$519,000
Updated 6 years ago
Off Market

162 Ninth Ave, 3-A

Chelsea, Manhattan | West 19th Street & West 20th Street

3 Rooms1 Bed1 BathCo-op

$519,000
Maintenance$863

Listing Features

  • Beamed Ceilings
  • Dining Alcove
  • Entry Foyer
  • Exposed Brick
  • High Ceilings [10.5']
  • Original Details
  • WBFP
  • Casement Windows
  • Window Treatments
  • Open Kitchen

Outdoor space and views

  • West Exposure

Building Amenities

  • Voice Intercom

Policies

  • Pets Allowed

Property Description for 162 Ninth Ave, 3-A

Below-Market Investment Opportunity in Chelsea High Line District. INVESTORS, this is a unique opportunity to buy in a prime location at a price significantly below market value in exchange for granting the elderly seller a life-time lease enabling her to continue living in the apartment, eventually reclaiming the apartment as your own. While you wait, you receive no rent, but seller pays all maintenance and special assessments.


This 3rd floor walk-up cooperative, part of a 4-building coop established in 1982, is located in a landmark, early 19th Century Greek Revival townhouse and nestled in one of the best blocks in Chelsea. It has 10.5 foot ceilings, 3 large double-glazed windows, bright west-facing living and bedrooms, an open kitchen, and a decorative fireplace. The perfect pied-a-terre or primary residence.


162 Ninth is located around the corner from Chelsea Market, the High Line, the Meatpacking District, and some of the city's best restaurants and museums. Within quick short distance are gourmet stores, the A/C/E/1/2/3/L subway lines and other abundant services. Co-purchasing OK. Once the investor has reclaimed the apartment, both pied-a-terre and subletting (after 2 years) OK.


Cash only. No seller financing. Viewings available by appointment with 48 hour notice. Key Words: investor, investment, tenant.

Listing History for 162 Ninth Ave, 3-A

Now
05/05/2020
POM by Dan Critchett
Compass
02/09/2020
Contract Signed by Dan Critchett
Compass

Building Details for 162 Ninth Ave

OwnershipCo-op
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1850
Financing Allowed80%
Floors/Apts4/13
Learn More About the Building

Transit and Citi Bike

Subway

14 St
0.25 miles
23 St
0.26 miles
8 Av
0.33 miles
18 St
0.35 miles
23 St
0.37 miles

Citi Bike

9 Ave & W 22 St
0.08 miles
W 18 St & 9 Ave
0.09 miles

Contact Agents

Contact Agents

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: 1745862