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Multifamily

304-306 West 21st Street

304 W 21st St, New York, NY 10011

Listing Price: $10,500,000

Cap Rate
5.50%
Number of Units
35
GRM
11.32
Price/Unit
$300,000
Price/Gross SF
$588.40
Gross SF
17,845

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 304–306 West 21st Street, located in the heart of Chelsea. Situated on the south side of West 21st Street between Eighth and Ninth Avenues, this 35-unit multifamily property contains approximately 17,845 square feet across two adjacent five-story buildings (Block: 744, Lots: 44 &45 ). The property consists entirely of residential units. With an average in-place residential rent of $2,208, the asset offers investors immediate operational scale in one of Manhattan’s most consistently high-demand rental neighborhoods.

Investment Highlights

  • 304–306 West 21st Street, built in 1900, is comprised of 35 residential units across two contiguous buildings, totaling 17,845 SF.
  • Tax Class: 2 | Zoning: R7B | Max Far 3.00
  • Positioned in prime Chelsea, the property benefits from immediate proximity to major transportation, the West Chelsea arts corridor, Chelsea Market, Google's HQ, Hudson River Park, and the High Line.

Exclusively Listed By

Financing By

Multifamily

304-306 West 21st Street

Listing Price: $10,500,000

Cap Rate
5.50%
Number of Units
35
GRM
11.32
Price/Unit
$300,000
Price/Gross SF
$588.40
Gross SF
17,845

Investment Highlights

  • 304–306 West 21st Street, built in 1900, is comprised of 35 residential units across two contiguous buildings, totaling 17,845 SF.
  • Tax Class: 2 | Zoning: R7B | Max Far 3.00
  • Positioned in prime Chelsea, the property benefits from immediate proximity to major transportation, the West Chelsea arts corridor, Chelsea Market, Google's HQ, Hudson River Park, and the High Line.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 304–306 West 21st Street, located in the heart of Chelsea. Situated on the south side of West 21st Street between Eighth and Ninth Avenues, this 35-unit multifamily property contains approximately 17,845 square feet across two adjacent five-story buildings (Block: 744, Lots: 44 &45 ). The property consists entirely of residential units. With an average in-place residential rent of $2,208, the asset offers investors immediate operational scale in one of Manhattan’s most consistently high-demand rental neighborhoods.

Exclusively Listed By

Financing By

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