203 West 22nd Street

NEWLY RENOVATED MODERNIST TOWNHOUSE: 100% Free Market Rate Tenants In Place - Strong In-Place Cash Flow & Future Upside!

FAR Available — Can Be Built Up — Ideal Income Earner or Single Family Conversion w/Build-Up Potential

Gut Renovated, Prime Chelsea Townhouse: Redone Pre-war Facade & New Designer Construction Throughout

Supremely located in one of Manhattan’s most vibrant and coveted downtown neighborhoods — with close proximity to the Chelsea Gallery District and most every area hot spot (including Hudson Yards) — this fully redone, four-story multifamily property has tremendous upside potential.

With a strong in-place rent roll and proven high demand for units in this home and area, this rare property can be a smart long-term hold — even for an overseas or hands-off investor. The pristine building is also well suited for a condominium conversion or a single family conversion. The property is not landmarked, and there are approximately 2400 square feet of air rights included.

Currently configured as 4 free-market, market-rate tenants-in-place, all apartments are bright, attractive, modern, and pristine. This feel-good building has been artfully reinvented and reimagined as stylish and popular apartments — homes that have consistently proven to be magnets for qualified, market-rate tenants seeking a high-quality home in a stellar location.

On coveted West 22nd Street — a stone’s throw from every prime Chelsea transportation, shopping, dining, fitness, and cultural destination, the entire home has been lovingly re-built anew – offering a fresh beginning for a 21st Century life in a classic shell. Each home in the building is energy-independent, with its own hot water heater and its own central HVAC and washer/dryer units. There is no building boiler or infrastructure to concern a landlord, and there is a terrific building Super (lives nearby) in place.

This brand-spanking-new, stellar construction lays out as follows:

Floor One & Garden Level: Duplexed, dual-entry, floor-through residence with two bedrooms, two baths, open eat-in kitchen with dishwasher, washer/dryer, a large living room with private backyard garden access, high ceilings, wide-planked wood floors, both Southern and Northern exposures, and virtual doorman service.

Floors Two Through Four: Floors two, three, and four each offers a floor through one bedroom, one bathroom residence with top-shelf, stainless appliances (including dishwasher and washer/dryer), high ceilings, wide-planked wood floors, both Southern and Northern exposures, and virtual doorman service.

NOTE: FAR exists that allows owner to build atop floor four — one could explore creation of a duplexed top-floor penthouse with outdoor space. This addition would also serve as upside for a condo conversion or for a single-family home conversion.

Impressive market rate rent roll available upon request, depicting rent comparable to full service building rates.

Here is in-place income in a building that practically runs itself — in one of prime Chelsea’s freshest, smartest new modernist homes. Here is your unique opportunity to acquire an entirely free market investment property with multiple options for future use.