Description

336 West 19th Street is a 21-unit Chelsea apartment building offering immediate cash flow and significant upside. The property consists of 8 market-rate apartments and 13 SRO units, with 6 SRO units currently vacant, creating a clear lease-up opportunity for a value-add investor.

Built in 1910, the four-story walk-up building. The property encompasses approximately 6,546 square feet on a 2,300 square foot lot and features efficient layouts consistent with classic early 20th-century Manhattan multifamily construction.

Located on one of Chelsea's most desirable tree-lined blocks, the building is steps from The High Line, Chelsea Market, Hudson River Park, and major subway lines. The property was previously appraised at $6.6 million, highlighting its long-term investment appeal.

Investment Highlights

- Four-story pre-war multifamily rental building in Chelsea

- 21 residential units consisting of 8 market-rate apartments and 13 SRO units

- 6 vacant SRO units offering immediate lease-up and value-add potential

-Ideal for multifamily operators, private investors, and family offices

- Proximity to major Chelsea destinations including the High Line, Chelsea Market, and Hudson River Park

- Opportunity to enhance revenue through unit improvements, operational efficiencies, and ancillary income opportunities, subject to applicable laws and approvals

This is an opportunity to acquire a well-located Manhattan asset with both current income and a clear path to increasing value through active management.