MultiFamily Building for Sale at 447 West 22nd Street
FOR SALE
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$6,500,000
447 West 22nd Street, New York, NY 10011
4,935 SF
Square Feet
$1,317
PPSF
6
Units
1.0M
PPU
Property Description
Units
6 — PPU: 1.0M
- The 5-story, 20’ wide multifamily building encompasses 4,935 square feet with six (6) residential units.
- Of the six (6) units, there is one (1) three-bedroom, two-bathroom garden duplex with a large, garden-use private backyard, two (2) three-bedroom units with private outdoor spaces, two (2) one-bedroom units, one of which has an outdoor deck, and one (1) studio unit.
- The building is fully occupied, offering strong in-place cash flow coupled with significant value-add upside through a renovation strategy.
Property Details
Asset Type
MultiFamily
Zoning
C6
Lot Size
1,975 SF
Neighborhood
West Chelsea
Submarket
New York
ZIP
10011
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$369,760
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$30,813
Annual Debt Service
$369,760
View on Map
Address
447 West 22nd Street
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
