446 - 450 West 19th Street 2 biens | Immeuble residentiel | À vendre | 23 180 310 € | New York, NY

The New York Multifamily Team is pleased to present 446-450 West 19th Street, two contiguous multifamily buildings with a combined 75' of frontage located in the heart of West Chelsea between Ninth and Tenth Avenue—one of Manhattan’s most dynamic residential and cultural corridors. Located on the South Side of West 19th Street with 25’ of Frontage, 446 West 19th Street is built 25' x 48' and sits on a 50’ x 92’ Lot. 448-450 West 19th Street, which features an elevator, is built 50' x 62' and sits on a 50' x 92' (Block: 716, Lot: 61,62). This Property is zoned R8A.
THE OPPOR T U NI T Y
• Building Overview
Spanning 26,197 square feet and boasting 75 feet of frontage on the block, the 38-unit portfolio offers a compelling blend of stable in-place income and near-term rental upside, with 76% of units operating under Free Market status and no current vacancies accessing strong cash flow day one.
• Economies of Scale
Investors can capitalize on the operational efficiency of owning 38 units across two contiguous buildings, allowing for shared staffing, consolidated maintenance, and reduced per-unit overhead—ultimately enhancing margins and streamlining management.
• Long Term Value
Fully occupied and professionally maintained, this rare offering provides investors with a durable, income-generating asset and long-term value in an irreplaceable location.
• Tax Class Protection (446 West 19th Street) – 446 West 19th Street falls under the highly desirable tax class protected status: 2B. By law, the taxes cannot increase more than 8% year-over-year or more than 30% over any given 5-year period.
• Desirable Location
Ideally situated between the High Line and Hudson River Park, the property offers immediate access to premier lifestyle amenities and major employment centers. The area is also home to a growing roster of Fortune 500 tenants and innovation hubs, most notably Google’s NYC headquarters and the Hudson Yards mega-development, which has transformed the west side into a thriving business and residential district. With easy access to the a, c, e, l, and 1 subway lines, residents enjoy seamless connectivity to Midtown, Downtown, and beyond. This prime location places the asset within walking distance of celebrated art galleries, renowned restaurants, and global cultural institutions, including the Whitney Museum of American Art and Chelsea Market.