203 W 22nd St New York, NY 10011

Indulge in the epitome of urban living with this impeccably renovated townhouse nestled in the heart of Chelsea. Offering a coveted address on West 22nd Street, this four-story multifamily gem presents a rare opportunity for investors and homeowners alike, boasting a prime location, strong cash flow..., and endless potential. Prime Location: Positioned moments away from the vibrant Chelsea Gallery District and Hudson Yards, this townhouse provides easy access to Manhattan's finest cultural, dining, and transportation amenities. Experience the convenience of central living at its best. Versatile Investment Opportunity: The Townhouse is approximately 3,300 square feet, comprising both the above and lower garden part of the Duplex. With all tenants at market rate, this property guarantees a stable revenue flow and significant growth prospects. Whether you're pursuing a lasting investment, a condo conversion venture, or a lavish single-family residence, this townhouse accommodates a range of aspirations. Future Potential: With approximately 2,400sf of unused FAR, there's an opportunity to build up and explore the creation of a duplexed top-floor penthouse with outdoor space. This addition not only adds value but also enhances the potential for condo conversion or single-family home conversion. Modern Luxury: The townhouse seamlessly merges pre-war charm with contemporary design. Each unit boasts luminous interiors, premium finishes, open kitchens equipped with stainless steel Whirlpool appliances, designer lacquered cabinets, Caesar stone countertops and eat-in breakfast bars. Beautiful Wide plank wood floors, washer/dryers, and a virtual doorman service, promising comfort and convenience. Flexible Layout: Presently configured with a duplexed, dual-entry residence on the first and garden unit with a large private backyard garden, along with three additional floor-thorough one-bedroom units on the upper floors, this property offers versatile living arrangements. Income Generating Opportunity: A robust market rate rent roll underscores the property's investment potential, with rents comparable to full-service buildings. Energy-independent units and a dedicated building Super ensure hassle-free management, making this an attractive investment proposition. Tenants pay for their own a/c, heat, hot water & electricity maximizing your profits. Don't Miss Out: Seize the opportunity to own a distinctive investment property in prime Chelsea, blending modern luxury, strong cash flow, and promising future prospects. Don't let this exceptional townhouse slip through your fingers. Continue reading