336 W 19th St Unit 1, New York, NY 10011

Property Description

336 West 19th Street is a 21-unit Chelsea apartment building offering immediate cash flow and significant upside. The property consists of 8 market-rate apartments and 13 SRO units, with 6 SRO units currently vacant, creating a clear lease-up opportunity for a value-add investor. Built in 1910, the four-story walk-up building. 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. Located on one of Chelsea's most desirable tree-lined blocks, the building is steps from The High Line, Chelsea Market, Hudson River Park, and major subway lines. The property was previously appraised at $6.6 million, highlighting its long-term investment appeal. Investment Highlights - Four-story pre-war multifamily rental building in Chelsea - 21 residential units consisting of 8 market-rate apartments and 13 SRO units - 6 vacant SRO units offering immediate lease-up and value-add potential -Ideal for multifamily operators, private investors, and family offices - Proximity to major Chelsea destinations including the High Line, Chelsea Market, and Hudson River Park - Opportunity to enhance revenue through unit improvements, operational efficiencies, and ancillary income opportunities, subject to applicable laws and approvals This is an opportunity to acquire a well-located Manhattan asset with both current income and a clear path to increasing value through active management. Hide full description