404 West 22nd Street

Chelsea, Manhattan, NY 10011

This one, located on arguably one of the most beautiful blocks in all of West Chelsea, is right in the center of a happening neighborhood, steps away from the High Line, Hudson River, Chelsea Piers athletic complex, Chelsea Market and abundant first rate restaurants, as well as the New York art scene. In fact, the townhouse itself offers endless possibilities.

There's no doubt this special City residence works better for a user; but it even can suit a patient investor looking for long term capital appreciation. Quite frankly, there's no limit to its potential use, working equally well for an out-of-town pied-a-terre owner who can pay for his or her trips and have a place to stay in NYC to a first time home buyer wanting to live in an A+ area. The latter can begin with a single unit and grow into the remainder of the townhouse as needed-all the while collecting income to help defray expenses.

The building was renovated from top to bottom in 2014 with high end condo finishes including washer/dryer and dishwasher in every unit-even TOTO toilets. Many original details were also retained. It currently is set up with 5 residential free market rentals:

Apartment 1 is a 3 bedroom duplex with 2 baths and its own backyard. The current lease expires on May 31st.
Apartment 2 is laid out as a large 1 bedroom floor-thru. The front area is for living and entertaining and the large bedroom faces the quiet garden. The existing lease is through March 31st.
Apartment 3 is the mirror image of the second floor except the tenant is in place through April 30th.
Apartment 4R is a studio in the back of the building. It's such a commodious space that the current tenants have divided it into 2 parts--no doubt for pandemic privacy. Their lease runs through April 30th.
Apartment 4/5F is a dramatic duplex penthouse with a skylight. The ample living room is downstairs and the kitchen dining area and bedroom are all on the top floor. This lease runs through August 31st.

Best of all, once you're inside this building, despite the 14.5 width, the proportions of the house--especially the high ceilings and the placement of the bannister--are such that you will be most pleasantly surprised how roomy its 3920 square feet feel.

How will you use this charming, historic home?