Skip to main content

Multifamily

446-450 West 19th Street

446 W 19th St, New York, NY 10011

Listing Price: $27,000,000

Cap Rate
5.70%
Number of Units
38
GRM
11.27
Price/Unit
$710,526
Price/Gross SF
$1,030.65
Gross SF
26,197

Investment Overview

Marcus and Millichap is pleased to present 446-450 West 19th Street, two contiguous multifamily buildings with a combined 75' of frontage located in the heart of West Chelsea between Ninth and Tenth Avenue—one of Manhattan’s most dynamic residential and cultural corridors. Located on the South Side of West 19th Street with 25’ of Frontage, 446 West 19th Street is built 25' x 48' and sits on a 50’ x 92’ Lot.  448-450 West 19th Street, which features an elevator, is built 50' x  62' and sits on a 50' x 92' (Block: 716, Lot: 61,62). This Property is zoned R8A.

Investment Highlights

  • Spanning 26,197 square feet and boasting 75 feet of frontage on the block, the 38-unit portfolio offers 76% of units operating under Free Market status.
  • Fully occupied and professionally maintained and falls under the highly desirable tax class protected status: 2B.
  • Ideally situated between the High Line and Hudson River Park, the property offers immediate access to premier lifestyle amenities with easy access to the a, c, e, l, and 1 subway lines.

Exclusively Listed By

Financing By

Multifamily

446-450 West 19th Street

Listing Price: $27,000,000

Cap Rate
5.70%
Number of Units
38
GRM
11.27
Price/Unit
$710,526
Price/Gross SF
$1,030.65
Gross SF
26,197

Investment Highlights

  • Spanning 26,197 square feet and boasting 75 feet of frontage on the block, the 38-unit portfolio offers 76% of units operating under Free Market status.
  • Fully occupied and professionally maintained and falls under the highly desirable tax class protected status: 2B.
  • Ideally situated between the High Line and Hudson River Park, the property offers immediate access to premier lifestyle amenities with easy access to the a, c, e, l, and 1 subway lines.

Investment Overview

Marcus and Millichap is pleased to present 446-450 West 19th Street, two contiguous multifamily buildings with a combined 75' of frontage located in the heart of West Chelsea between Ninth and Tenth Avenue—one of Manhattan’s most dynamic residential and cultural corridors. Located on the South Side of West 19th Street with 25’ of Frontage, 446 West 19th Street is built 25' x 48' and sits on a 50’ x 92’ Lot.  448-450 West 19th Street, which features an elevator, is built 50' x  62' and sits on a 50' x 92' (Block: 716, Lot: 61,62). This Property is zoned R8A.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower