241 20Th StNew York, NY 10011

Property Details for 241 20Th St

Year built

1920

Lot size

0.04 AC

Property size (Sq ft)

4,450 SF

Zone code

R8B

Property type

Investment properties

Property subtype

Live-work space

APN

00770-0018

APU

7700018

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $735,718

  6.5%

  $679,124

  7%

  $630,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $581,437

  Geo Method

  $581,437

• Alternative Use

  Use

  Valuation

  Residential

  $842,114

  Hospitality

  $771,372

  Educational

  $641,772

  Medical

  $663,844

  Retail

  $998,313

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7431

Longitude

-73.9986

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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