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Home For Sale In New York, New York
222 W 16th St, New York, 10011

Home For Sale In New York, New York

house for sale
17 views
Listed: 01/17/24

222 W 16th St, New York, 10011

Studio Bed:
6,649 Sq Ft Living Area:
Save
Price
$ 8,9M

About This House

The subject property is a four-story building consisting of a total of fourteen (14) units and a three-story carriage house located in the heart of Chelsea. The front building is entirely free market and has eight (8) residential units, consisting of two (2) studios, five (5) one bedrooms, and one (1) two-bedroom. The carriage house consists of six (6) studio units, of which one (1) is vacant. All leases in the front building expire in less than a year, providing an opportunity for a single-family conversion. There are also additional air rights attributed to the site to maximize the potential. The location and potential for the property provide a developer, user or investor with an ideal purchase. A good portion can be delivered vacant, making it ideal for investors and end users alike. Financials and rent roll available upon request.

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Chelsea District Housing & Living

Household Income

Median household income: $63,799
Number of households: 3,2M
The average household income in New York, NY grew from $60,879 to $63,799 in the past year. This data is an estimate based upon 3,2M households in New York, NY.
The chart below presents how household income is distributed in New York, NY in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New York, NY compared to median property taxes around the country. The prevalent amount of property taxes in New York, NY equals $3k+ , which is more than the national average.