261 W 22nd St Unit 23, New York, NY 10011

Property Description

Investment Opportunity in Prime Chelsea Split 2BR with Rent-Stabilized Tenant In Place CASH BUYER NEEDED. Customize this one and make it your own! Exceptional value awaits with this OCCUPIED estate-condition two-bedroom in one of Chelsea’s most desirable prewar cooperatives. Featuring a classic split-bedroom layout and solid prewar bones, this apartment offers a rare opportunity for a savvy buyer. The unit is being sold with a rent-stabilized tenant in place—please inquire for additional details. Similar apartments in the building, fully renovated, have recently sold between $780,000 and $950,000, highlighting the upside potential here for future value creation. Built in 1917, this impeccably maintained walk-up co-op on tree-lined West 22nd Street boasts strong financials and timeless charm. The building permits pieds-à-terre, gifting, and co-purchasing, with subletting allowed upon board approval. It’s also pet-friendly. Washer and dryers in the apartment are permitted and some owners have added split units to their apartments as well. Just one flight up from the apartment, residents enjoy access to a beautifully landscaped common roof deck with panoramic skyline views, an outdoor kitchen with BBQ, and stylish lounge seating—a true urban retreat. Ideally located in the heart of Chelsea near the High Line, Hudson Yards, Chelsea Market, and the Meatpacking District. World-class dining, shopping, galleries, Trader Joe’s, and Whole Foods are just moments away.