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Listing Courtesy of City Sphere
$5,500,000
Est. payment /mo
21 Beds
14 Baths
6,546 SqFt
UPDATED:
Key Details
Property Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,546 sqft
Price per Sqft $840
Subdivision Chelsea
MLS Listing ID RLS20091642
Style Walk-Up
Bedrooms 21
Full Baths 14
HOA Y/N Yes
Year Built 1910
Property Description
Exceptional investment opportunity at 336 West 19th Street , a 21-unit income-producing property located on a prime tree-lined block in the heart of Chelsea Manhattan. This rare mixed rent-roll asset offers immediate cash flow with significant value-add potential through rent optimization, vacancy lease-up, and ancillary income opportunities. Located at 336 West 19th Street, this pre-war multifamily rental building presents a compelling opportunity to acquire a well-located asset in the heart of Chelsea. Built in 1910, the property is configured as a four-story walk-up comprising 21 residential units, 9 units market rate and the rest SR0 unit with 6 vacant and 6 occupied. The building is approximately 6,546 square feet, situated on a 2,300 square foot lot. The building reflects efficient unit layouts typical of early 20th-century construction, supporting consistent occupancy in a strong Manhattan rental market. Positioned between Eighth and Ninth Avenues on a quiet, tree-lined block, the property benefits from immediate access to a wide range of neighborhood amenities. Chelsea continues to be one of Manhattan's most desirable residential submarkets, offering proximity to destinations such as the High Line, Chelsea Market, and Hudson River Park. The location is further supported by convenient access to multiple subway lines (A, C, E, and L), providing connectivity to Midtown, Downtown, and beyond. Investment Highlights Four-story pre-war rental building located in the heart of Chelsea 21 residential units comprised of 9 market-rate units and 11 SRO units , offering diversified income streams Value-add opportunity with 6 units delivered vacant , allowing immediate repositioning and rent optimization Approx. 6,546 SF building situated on a 2,300 SF lot , providing efficient scale for boutique investment Prime location between Eighth and Ninth Avenues on a quiet, tree-lined residential block Transit-oriented positioning with convenient access to the A, C, E, and L subway lines Steps from major landmark destinations including: The High Line Chelsea Market Hudson River Park Located within a high-demand rental submarket with strong historical occupancy and tenant retention Significant operational upside through unit upgrades, reconfiguration, and improved management rent stabilization via the lease-up of currently unoccupied units Enhancement of ancillary revenue streams, including laundry facilities. 336 West 19th Street presents a straightforward multifamily asset with in-place income and the potential for incremental upside through unit upgrades and operational improvements. Its scale, location, and unit count make it suitable for investors seeking exposure to a well-established rental corridor in Manhattan.
Location
Rooms
Basement Other
Interior
Fireplace No
Laundry Building None
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
Porch None
Private Pool No
Building
Story 1
New Construction No
Others
Tax ID 0742-0058
Ownership Rental Building
Special Listing Condition Standard
Pets Allowed Building No, No
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RLS Data display by eXp Realty
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716