The Tri-State Investment Sales Group for Avison Young is exclusively marketingthe sale of a townhouse property at 207 West 22nd Street as well as the leasehold interestof the adjacent 205 West 22nd Streetbuilding,located in the trendy Chelsea neighborhood of Manhattan.
An Avison Young team comprised ofDirector David Shalom and Associates Alexandra Marolda, Bradley Rothschild and Carter Lovejoy have been engaged by ownership to market the offering. The asking price for 207 West 22nd Street is $4,750,000 and the leasehold interest asking price for 205 West 22ndStreet includes a base rent cost of $225K with an option to purchase.
The contiguoustownhousesare located on a tree-lined block outsideof the Chelsea historic district on the north side of West 22ndstreet between 7th Avenue and 8th Avenue. The currently vacant properties have a combined 33 feet of frontage and 5,515± total gross square feet, comprised of three fair marketunits across five floors. Each townhouse includes one two-bedroom duplex, one, one-bedroomduplex and one floor-through one-bedroom.
“This well-located Chelsea property offers long-term upside with several investment strategy options for potential homeowners, investors or developers,” notes David Shalomwith Avison Young. “The properties can be converted into two single-familytownhouses or even a single‘mega-townhouse’ in one of Manhattan’s most admired neighborhoods.”
The Chelsea district has emerged as a one-of-a-kind neighborhood over the last few yearswith a variety of art galleries and popular restaurants as well as the popular High Line elevated park. The 205-207 West 22nd Street is also conveniently located close to numerousmeans of transportation throughoutManhattan, including several subway lines as well as the PATH train.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, and multi-family and hospitality sectors.
