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Property Description
222 West 16th Street is a four-story, 14-unit walk-up multi-family building located in the heart of Chelsea-one of Manhattan's most vibrant, and in-demand neighborhoods. This property presents a rare opportunity to acquire a stable, income-generating asset with meaningful upside in one of New York City's most resilient rental submarkets. Built in 1890, the building spans approximately 6,650 square feet on a 2,581 square foot lot and features a well-balanced mix of studios, one-bedrooms, and a two-bedroom unit. With strong in-place income and the ability to implement value over time, the asset is well positioned for both immediate cash flow and appreciation. Located just steps from the High Line, Chelsea Market, and Hudson River Park, the building is surrounded by some of Manhattan's most vibrant dining, shopping, and cultural destinations-including Cookshop, Cafeteria, and Pastis. Residents benefit from convenient transportation access, with nearby subway services via the A/C/E/L at 14th Street-8th Ave, the 1/2/3 at 14th Street-7th Ave, and the F/M/L at 6th Ave, plus CitiBike stations and MTA bus lines. This is a rare opportunity to own a high-performing, primarily free-market asset in a prime Manhattan location with strong rental demand, long-term stability, and future growth potential.
INVESTMENT HIGHLIGHTS
- Strong in place cash flow with upside
- On Site Laundry
- Prime Location
- 14 Units with 13 FM
- Transit Access
222 West 16th Street is a four-story, 14-unit walk-up multi-family building located in the heart of Chelsea-one of Manhattan's most vibrant, and in-demand neighborhoods. This property presents a rare opportunity to acquire a stable, income-generating asset with meaningful upside in one of New York City's most resilient rental submarkets. Built in 1890, the building spans approximately 6,650 square feet on a 2,581 square foot lot and features a well-balanced mix of studios, one-bedrooms, and a two-bedroom unit. With strong in-place income and the ability to implement value over time, the asset is well positioned for both immediate cash flow and appreciation. Located just steps from the High Line, Chelsea Market, and Hudson River Park, the building is surrounded by some of Manhattan's most vibrant dining, shopping, and cultural destinations-including Cookshop, Cafeteria, and Pastis.
Overview
Property Type
Multi-family, Commercial
Location
222 W 16th St, New York, NY 10011
Listing Last Updated
5/5/2025 11:39 AM
Property Features & Amenities
Interior
Exterior
Stories
4
Details
Neighborhood
West Village
Financial
Price
$7,730,000
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