For sale is a luxury multi-family townhouse that includes five studios and a triplex with two bedrooms and one and a half bathrooms. This property is located on one of the most exquisite blocks in Chelsea, surrounded by charming historic landmark houses.
Situated in a prime location between Ninth and Tenth Avenue, this property is considered a prestigious asset in highly sought-after West Chelsea. Nestled on a serene tree-lined street, it offers a tranquil setting. The townhouse enjoys close proximity to several notable Chelsea attractions, including Chelsea Piers, the High Line, and the world-renowned Chelsea Market.
Currently, the layout comprises two studios with market rates, two occupied rent-stabilized units, and one vacant rent-stabilized studio that could potentially be combined with the free market triplex. Additionally, the property boasts a 35-foot-deep private rear yard, providing a delightful outdoor space.
This property presents a compelling opportunity for both investors and end-users due to its strong rental cash flow and various value-add features:
Development potential utilizing the unused “air rights” to construct an additional 1.5 stories.
A garden floor triplex with high-end renovations, offering an excellent live-in plus income opportunity.
Potential for future conversion into a single-family residence.
It comprises a total floor area of 4,175 square feet and features six units in total, including five studios and one triplex. The rear yard spans 740 square feet, providing ample outdoor space. Moreover, the property has 1,135 square feet of available air rights for potential future development. The lot dimensions measure 19×83, while the building dimensions are 19×44.
Active
$6,495,000
439 W 21st St #12345, New York, NY 10011
7beds
4,175sqft
Rental Unit
Built in 1910
-- sqft lot
$-- Zestimate®
$1,556/sqft
$-- HOA
What's special
Charming historic landmark housesExquisite block
- 122 days
- on Zillow |
- 1,599 |
- 55 |
Zillow last checked: 7 hours ago
Listing updated: 23 hours ago
Listing by:
UbiQ NY 917-601-0019,
Andrew Brenta
Source: StreetEasy,MLS#: S1765182
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
- Full bathrooms: 7
Cooling
- Central Air
Appliances
- Included: Dishwasher, Washer/Dryer
Features
- Has fireplace: Yes
- Fireplace features: Decorative
Interior area
- Total structure area: 4,175
- Total interior livable area: 4,175 sqft
Property
Features
- Patio & porch: Terrace, Other
- Exterior features: Garden, Terrace
- Has view: Yes
- View description: City, Garden, Skyline
Details
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Rental Unit
Materials
- Roof: Roof Rights
Condition
- Year built: 1910
Community & HOA
Community
- Subdivision: West Chelsea
HOA
- Has HOA: Yes
- Amenities included: Fitness Center
Location
- Region: New York
Financial & listing details
- Price per square foot: $1,556/sqft
- Date on market: 4/11/2025
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