Listing courtesy of City Sphere 929-469-5800
336 W 19TH Street, #1, New York, (Chelsea), NY, 10011
21 rooms
21 beds
14 Full baths
1910
Walk-Up
6,546 sqft
Exceptional investment opportunity at 336 West 19th Street, a 21-unit income-producing multifamily property located on a prime tree-lined block in Chelsea, Manhattan. This pre-war asset offers immediate in-place cash flow with additional upside through vacancy lease-up, operational improvements, and potential ancillary income opportunities.
Built in 1910, the four-story walk-up building comprises 21 residential units, including 8 market-rate apartments and 13 SRO units. Of the SRO units, 6 are currently vacant and 7 are occupied, presenting investors with the opportunity to increase revenue through strategic lease-up and asset management initiatives. The property encompasses approximately 6,546 square feet on a 2,300 square foot lot and features efficient layouts consistent with classic early 20th-century Manhattan multifamily construction.
Situated between Eighth and Ninth Avenues, the property benefits from strong residential demand and convenient access to some of Chelsea's most notable destinations, including The High Line, Chelsea Market, and Hudson River Park. The location is further supported by nearby access to the A, C, E, and L subway lines, providing seamless connectivity throughout Manhattan.
Investment Highlights-
Four-story pre-war multifamily rental building in Chelsea
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21 residential units consisting of 8 market-rate apartments and 13 SRO units
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6 vacant SRO units offering immediate lease-up and value-add potential
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Approximately 6,546 SF building area on a 2,300 SF lot
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Positioned on a quiet tree-lined block between Eighth and Ninth Avenues
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Convenient access to the A, C, E, and L subway lines
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Proximity to major Chelsea destinations including the High Line, Chelsea Market, and Hudson River Park
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Opportunity to enhance revenue through unit improvements, operational efficiencies, and ancillary income opportunities, subject to applicable laws and approvals
336 West 19th Street presents a well-located Manhattan multifamily investment with stable in-place income and clear operational upside. Its scale, unit mix, and premier Chelsea location make it an attractive opportunity for investors seeking long-term exposure within one of Manhattan's most established rental markets.
Status:
Active
Town:
New York
Type:
Condo/Coop
Laundry Remarks:
Building None
Units:
29
Zoning:
R7B
Basement:
Other
Levels:
1
Pet Policy:
Building No, No
MLS #:
RLS20091642
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