Multifamily Property at 212 8th Avenue Listed by New York Team

The New York Multifamily Team is pleased to present 212 Eighth Avenue, an 18-unit, mixed-use building featuring approximately 25 feet of highly visible corner frontage at the intersection of Eighth Avenue and West 21st Street—a vibrant and heavily trafficked corridor in the heart of Chelsea. The property is built 25’ x 108. 92' across five stories, totaling approximately 9,891 square feet (Block: 769, Lot: 57) and is zoned R8A/C2-5. Alternative addresses include 264 West 21st Street, 266 West 21st Street , and 268 West 21st Street.

Building Overview: Spanning 9,891 square feet with 133. 92 feet of wraparound frontage, 212 Eighth Avenue is comprised of 17 residential units (76% Free Market) and one commercial unit. The asset generates strong in- place income with near-term upside in Free Market unit turnover and below-market commercial rents. Fully leased and professionally maintained, this rare corner building offers investors stable income, long-term appreciation, and operational flexibility.

Long Term Value: Fully occupied and newly renovated, 212 Eighth Avenue provides durable, income- generating performance with significant long-term value. Located in a high-demand rental corridor where rents have consistently grown over the past five years, the property is well-positioned to benefit from continued appreciation and steady rent growth. These assets have the potential to be converted to Tax Class 2B.

Turnkey Asset: 212 Eighth Avenue is a newly renovated mixed-use asst with brand-new high-end finishes throughout all 18 units and hallways. All units feature washers/dryers, Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms. The property requires minimal immediate capital expenditure, offering investors a true plug-and-play asset with durable in-place income.

Desirable Location: Ideally positioned at the corner of Eighth Avenue and West 21st Street, the property benefits from its central location in Chelsea—one of Manhattan’ s most desirable and well-connected neighborhoods. Residents and tenants enjoy immediate access to world-class amenities including the High Line, Little Island, and Chelsea Market, as well as premier retail, dining, and cultural institutions such as the Whitney Museum of American Art. The area is anchored by major employment hubs, including Google’ s NYC campus and nearby Hudson Yards. With the C, E, and 1 subway lines just steps away, the building offers seamless connectivity to Midtown, Downtown, and the greater city.