Off Market Opportunity !      Prime Location :  Chelsea, NY 10001

Asking $33M +2% Fee        

One Buildings     Year built: 1920’s  Total Units: 23          

5 floors setup as Commercial Units

Coop Building / Owner of C-Corporation owns 100% shares

FAR 10 / Residential or Commercial use

Delivered Vacant    (Note : Tenants to vacate upon seller notification.)

Building can be converted to a mix Commercial & Residential or a Hotel.  Additional Units can be added on as well.

     Currently $1m net income (apppx).

Lot Area: 5,818 sq ft (49.75′ x 116.92′)       Building frontage: 50′

Approx. 29,000 existing + 29,000 sf Air Rights

Building Area: 40,147 sq ft ( has to be verified )

  Primary zoning: M1-6D         Commercial Overlay: None

  Floor Area Ratio:6.9         Max. Allowable Residential FAR:10

   Max. Allowable Commercial FAR:10     

   Max. Allowable Facility FAR: 10

 

Please contact Frank:  855-282-2251 x555

        Buyer will need NDNC, POF and LOI to proceed. 

Real Estate Market Activity

Recently sold Chelsea, New York homes

Sold 12/29/2017 for $75,562
-1 beds, 0.0 baths, 0 sq ft
Sold 11/14/2017 for $1,900,000
2 beds, 2.0 baths, 1,169 sq ft
Sold 11/14/2017 for $152,277
-1 beds, 0.0 baths, 0 sq ft
Sold 11/03/2017 for $90,341
-1 beds, 0.0 baths, 0 sq ft
Sold 10/25/2017 for $3,900,000
-1 beds, 0.0 baths, 0 sq ft
Sold 10/24/2017 for $89,839
-1 beds, 0.0 baths, 0 sq ft
Sold 10/24/2017 for $75,850
-1 beds, 0.0 baths, 0 sq ft
Sold 10/23/2017 for $425,000
0 beds, 1.0 baths, 0 sq ft
Sold 10/18/2017 for $148,058
-1 beds, 0.0 baths, 0 sq ft
Sold 10/11/2017 for $120,454
-1 beds, 0.0 baths, 0 sq ft
See Chelsea, New York real estate and homes for sale
View New York, NY mortgage rates on Zillow

Real Estate Market Stats

Home Size in Square Feet

Year Built

Local National
Percent Homes Decreasing 147 0
Median List Price Per Sq Ft 147 130
Median Sale Price 147 229,200
Property Tax $15,059 $2,147
Turnover (Sold Within Last Yr.) 1% 2.9%

Walk Score

What the Locals Think

Score: out of 10

Location