Halstead Real Estate, LLC

499 Park Avenue
New York
NY 10022
Telephone: +1 (212) 381 6521

8 bedroom Town House For Sale: 426 WEST 22ND STREET, New York, New York

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  • Ref: 36508_19245410

  • $7,995,000

Key Features

  • 8 Wood-burning Fireplaces
  • Basement

Summary

Situated between Ninth and Tenth Avenue on one of the most coveted blocks in West Chelsea, this approximate 4,090 square foot, 3-family townhouse offers the ideal live plus income opportunity....

Description

Situated between Ninth and Tenth Avenue on one of the most coveted blocks in West Chelsea, this approximate 4,090 square foot, 3-family townhouse offers the ideal live plus income opportunity. The recently-renovated ground floor duplex is ideal for a user, comprised of approximately 2,404 square feet. This pristine unit includes three bedrooms, three bathrooms, four wood burning fireplaces, a washer/dryer, and a host of high-end appliances. The beautifully landscaped 895 square foot private garden can be used as a personal refuge from the city or act as a spacious venue for hosting guests.The other two units each boast tremendous character with exposed brick, high ceilings, two working fire places in each and private outdoor spaces. In addition to providing a live plus income opportunity, this turn-key historic townhouse encompasses three, free market apartments exempt from rent-stabilization laws. This affords a new buyer with a variety of immediate investment scenarios, including but not limited to live plus income, conversion to a single family mansion, boutique condominium conversion, or as a buy and hold rental with cash flow upside through additional property renovations. There are also 2,260 square feet of unused air rights that can be incorporated into a single family or boutique condominium conversion. This quiet, tree-lined block attracts high profile owners and renters who enjoy this exclusive neighborhood's charm and close proximity to the Hudson River, Chelsea Piers, The Highline, Chelsea Market, Avenues: The World School, the Meatpacking District, and the Path, 1, 2, A, C, E and L subway lines. An executive summary with additional property information, current rent rolls, and expenses can be provided upon request. Click "Contact the Seller's Agent" to schedule an appointment or speak with the seller's exclusive agent directly.This is a co-exclusive with Marcus & Millichap.

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