404 West 22nd Street, Chelsea, New York 404 W 22nd St 5 Unit Apartment Building $8,666,270 CAD ($1,733,254 CAD/Unit) New York, NY 10011

404 West 22nd Street presents a rare investment opportunity in Manhattan’s historic Chelsea neighborhood. This four-story multifamily property spans 3,920 square feet and features five fully renovated free-market residential units. The building offers condo-quality finishes, in-unit washers/dryers, and thoughtful layouts designed to meet the expectations of high-income tenants. Delivered in turn-key condition, the asset requires minimal capital expenditure and provides a stable stream of cash flow with full occupancy.
Situated on a block known for single-family townhouses, this property delivers a unique positioning that attracts long-term tenants seeking premium amenities in an exclusive environment. Chelsea’s prominence as a cultural and technology hub adds sustained demand, with the High Line, Chelsea Market, and Google’s headquarters located nearby. Additionally, the area offers exceptional connectivity via multiple subway lines and easy access to Hudson River Park, strengthening its appeal to professionals. The asset’s free-market status ensures maximum revenue potential with complete flexibility for future leasing strategies, making it a desirable acquisition for private and institutional investors focused on long-term growth and minimal management obligations.