For Sale
$7,250,000

241 20Th St New York, NY 10011

Prime Chelsea location, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional mixed-use building at 241 West 20th Street in New York City's vibrant Chelsea neighborhood presents a compelling investment opportunity. The four-story property boasts a total of 4,450 square feet, strategically situated between 7th and 8th Avenues, offering 23 feet of street frontage. The building's composition includes three residential apartments and one ground-floor retail space, all currently occupied, generating robust and consistent cash flow. Each residential unit has undergone a recent renovation, showcasing high-end finishes. The property benefits from its central location, providing immediate access to a wealth of dining, entertainment, and shopping options. Furthermore, its proximity to multiple subway lines (A, C, E, and L) ensures excellent accessibility. The building enjoys the protection of Tax Class 2A, offering further financial advantages. This is a rare chance to acquire a fully occupied, renovated mixed-use property in one of Manhattan's most desirable neighborhoods. The strong tenant occupancy and prime location make this an ideal investment for those seeking stable returns and significant appreciation potential.

Highlights

  • $7,250,000 asking price.
  • Mixed-use, multifamily apartment building totaling 4,450 square feet.
  • Newly renovated units with high-end finishes.
  • Prime Chelsea location, offering immediate access to abundant dining, entertainment, and shopping.
  • Excellent transportation access via the A, C, E, and L subway lines.
  • Protected Tax Class 2A.

Property Details for 241 20Th St

Property type
Mixed-use properties, Apartment buildings
Square Feet
4,450 SF

Location Insight

City
New York
County
New York
State
New York
Latitude
40.743096
Longitude
-73.9986737

FAQs

What type of property is this?
Mixed-use property - Prime Chelsea location, strong cash flow.
Where is the mixed-use property located?
The property is located at 241 20Th St New York, NY.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: $7,250,000 asking price.; Mixed-use, multifamily apartment building totaling 4,450 square feet.; Newly renovated units with high-end finishes.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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241 20Th St
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