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406 W 25th St 30 Unit Apartment Building For Sale New York, NY 10001
Investment Highlights
- Excellent location near Google's headquarters in the Meatpacking District
- Close proximity to Hudson Yards
Executive Summary
As the Exclusive Agent for ownership, we are pleased to introduce to you for a long term-ground lease or for an outright sale a 20 units multi-family property located at; 406 West 25th Street New York NY 10001 in Chelsea one of the most desirable neighborhoods in New York City.
Built in 1887 no CoO in place, 5 stories tall walk-up with existing shaft and contains 20 apartments all units are 1BR 1Bath except 2-units on the 1st and the the 5th floor they are; 1BR 1Bath plus a loft size 9' x 11' 7'.
The entire building can be delivered vacant offering prospective investors and developers tremendous opportunity to redevelop one of the last remaining buildings in Chelsea that can be delivered vacant. Sixteen (16) units have been vacant for the last 15 years, four (4) tenants in possession without a lease and never paid rent, one tenant has been using it as storage another one lives outside the country for the last 3 years and didn't pay rent.
Block & Lot: 722-45
Zoning: R8A
Lot Size: 25 x 99 feet
Building Dimensions: 25 x 83 feet
Usable area: 9,800
Buildable SF: 14,808 sq.
Tax Class: 2
Building Class: C4
For further information, and to arrange a walk through, please call.
Built in 1887 no CoO in place, 5 stories tall walk-up with existing shaft and contains 20 apartments all units are 1BR 1Bath except 2-units on the 1st and the the 5th floor they are; 1BR 1Bath plus a loft size 9' x 11' 7'.
The entire building can be delivered vacant offering prospective investors and developers tremendous opportunity to redevelop one of the last remaining buildings in Chelsea that can be delivered vacant. Sixteen (16) units have been vacant for the last 15 years, four (4) tenants in possession without a lease and never paid rent, one tenant has been using it as storage another one lives outside the country for the last 3 years and didn't pay rent.
Block & Lot: 722-45
Zoning: R8A
Lot Size: 25 x 99 feet
Building Dimensions: 25 x 83 feet
Usable area: 9,800
Buildable SF: 14,808 sq.
Tax Class: 2
Building Class: C4
For further information, and to arrange a walk through, please call.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 30 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 9,800 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1910 |
| Zoning | R8A | ||
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 9,800 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | R8A |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | 300 |
| 1+1 | 15 | - | 400 - 500 |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 0722-0045 | Improvements Assessment | $1,740,143 CAD |
| Land Assessment | $48,074 CAD | Total Assessment | $1,788,217 CAD |
Property Taxes
Parcel Number
0722-0045
Land Assessment
$48,074 CAD
Improvements Assessment
$1,740,143 CAD
Total Assessment
$1,788,217 CAD
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Presented by
Gold Gate Realty LTD
406 W 25th St
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