A five-story townhouse at 356 West 20th Street, located between Eighth and Ninth Avenues in the Chelsea Historic District, was sold in an all cash transaction valued at $ 2,100,000.
The townhouse, which was built around 1854 along with the neighboring townhouses, is approximately 5,000 square feet. The property has nine units which consist of one vacant owner’s duplex, four vacant apartments and four rent stabilized apartments. Most of the vacant units required a full gut renovation and could be combined in various configurations including a floor–through garden apartment and/or duplex. The sale price equates to $420 per square foot.
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Neighborhoods: Chelsea