162 Ninth Ave. #3A

INVESTORS ONLY: Grant a life estate to the elderly seller, offering you an opportunity to buy in a prime location significantly below market value.

Here is a unique opportunity to own in a landmarked, early 19th Century red brick townhouse nestled in one of the best blocks in Chelsea. Built in 1835 and converted to a co-op in 1982, this Greek Revival townhouse is now a pet-friendly, walk-up co-op comprised of 4 contiguous buildings, this one with 4 floors and 13 apartments. Just two flights up, Apartment 3A has 10.5-foot ceilings, 3 large double-glazed windows, bright living and bed rooms, an open kitchen, and a decorative fireplace. Its owner-occupant seeks to sell at a signifiant discount to market value and continue to live in the apartment under a life estate, making this an attractive investment opportunity for the right buyer.

162 Ninth is located around the corner from Chelsea Market, the High Line, the Meatpacking District, and some of the city’s best restaurants and museums. Within quick short distance are gourmet stores, the A/C/E/1/2/3/L subway lines and other abundant services. Co-purchase OK. Pieds-a-terre, sublets (for a few years after a 2 year wait) are permitted once the apartment has been reclaimed from the life estate holder by the new investor/owner.

Due to the nature of this transaction, interested buyers will be requested to complete a non-disclosure agreement before viewing, and all viewings will be schedule by appointment only with at least 2-day notice. Key Words: investor, investment, tenant in place.