$3,200,000
Updated 10 years ago
Off Market

212 West 17th Street

Chelsea, Manhattan | Seventh Ave & Eighth Ave

Rental Property

$3,200,000
floors / apts5 / 15
Lot Size25'x92'
Built Size25'x82'
Building TypeLow-Rise

Building Amenities

  • Voice Intercom

Property Description for 212 West 17th Street

> Five-story, approximately 9,955 SF walk-up apartment building plus a finished basement that consists of 15 residential units and one basement commercial unit. > The residential units consist of 13 rent stabilized units, one free market unit and one rent controlled unit holding SCRIE status. > The building is currently receiving J-51 and SCRIE credits. > There is tremendous upside in the property, which currently has monthly residential rents averaging $924.47 or $23.72/NSF per annum. > Meanwhile the commercial space has a negligible rent of $25/NSF. > The property is ideal for an investor looking for apartment buildings with long term upside or as a live-invest opportunity

Listing History for 212 West 17th Street

Now
10/09/2006
Permanently off the Market by James P. Nelson
Cushman & Wakefield
04/25/2006
$2,802,500
Sold and Closed by James P. Nelson
Cushman & Wakefield

Building Details for 212 West 17th Street

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts5/15
Learn More About the Building

Transit and Citi Bike

Subway

18 St
0.06 miles
14 St
0.14 miles
8 Av
0.2 miles
14 St
0.2 miles
6 Av
0.25 miles

Citi Bike

W 17 St & 7 Ave
0.02 miles
8 Ave & W 16 St
0.15 miles

Contact Agent

Contact Agent

James Nelson
Cushman & Wakefield

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: 22383TH