436 West 20th St. MULTIFAMILY

Ariel Property Advisors presents 436 West 20th Street, a 24.75’ wide, 10,000 square foot, five (5) unit 19th century luxury elevatored building prime for a condominium or single family conversion. Situated on a prime West Chelsea block, the property is located on the south side of West 20th Street, between 9th and 10th Avenues, across from the serene Episcopal Seminary Gardens, neighboring the historic Cushman Row, and a block from landmarked New York City Highline.

Finished with luxury residential features, all five units have working fire places, high ceilings, stainless steel appliances, refinished original moldings, and private outdoor space, with direct elevator access to the penthouse.

Located in close walking distance to the A, C, E, 1, and L trains, residents have easy access to all Manhattan and outer-borough destinations.

Currently generating a gross income of $624,000, or roughly $62 per residential square foot, the property offers upside in the luxury rental market, while also offering a unique conversion opportunity. With current condominium sellouts for similar 2 bedroom-2+ bathroom units approaching $3,000 per square foot, and West Chelsea Single Family townhouses falling within the same range, buyers have a significant opportunity to purchase a rare West Chelsea elevator building with a unique blend of significant incomeproducing and Owner-User capabilities.