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Presented by
Susan Florby |
336 W 19TH Street, #1, New York (Chelsea), NY, 10011 | $5,500,000
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.
Features
- Town: New York
- Levels: 1
- Rooms: 21
- Bedrooms: 21
- Baths: 14 full
- Laundry: Building None
- Year Built: 1910
- Approx Sq. Feet: 6,546
- Pet Policy: Building No,No
- MLS#: RLS20091642
- Days on Market: 21 days
- Website: https://www.raveis.com
/prop/RLS20091642/336w19thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Susan FlorbySales Associate
203.550.0626
Susan.Florby@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Joseph MollicaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 130058
203.952.8600
Joseph.Mollica@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Alex FerroInsurance Sales Director, William Raveis Insurance
203.610.1536
Alex.Ferro@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
336 W 19TH Street, #1, New York (Chelsea), NY, 10011
$5,500,000
Susan Florby
Sales Associate
William Raveis Real Estate
Phone: 203.550.0626
Susan.Florby@raveis.com
Joseph Mollica
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $4,400,000 | $4,400,000 | $4,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $24,983 | $27,092 | $37,130 |
| Total Monthly Payment | $25,108 | $27,217 | $37,255 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535