This one, located on arguably one of the most beautiful blocks in all of WestChelsea, is in front of a five-story Italianate home in the Chelsea historic district that traces its roots directly to James Wells, the co-developer of this neighborhood.
Located steps away from the High Line, Hudson River, Chelsea Piers athletic complex, ChelseaMarket and abundant first rate restaurants, as well as the New York art scene, this townhouse has endless possibilities. While it could work for a patient investor looking for capital appreciation: the house works best for someone actually looking to live in a special city residence.
In any event, there’s no limit to its potential use, working equally well for an out-of-town pied-a-terre owner who can pay for his or her trips and have a place to stay in NYC to a first time home buyer wanting to live in an A+ area. The latter can begin with a single unit and grow into the remainder of the townhouse as needed—all the while collecting income to help defray expenses.
The building was renovated from top to bottom in 2014 with high end condo finishes including washer/dryer and dishwasher in every unit—even TOTO toilets. Many original details were also retained. It currently is set up with 5 residentialfreemarket rentals:
• Apartment 1 is a 3 bedroom duplex with 2 baths and its own backyard. The current lease expires on May 31st. • Apartment 2 is laid out as a large 1 bedroom floor-thru. The front area is for living and entertaining and the large bedroom faces the quiet garden. The existing lease is through March 31st. • Apartment 3 is the mirror image of the second floor except the tenant is in place through April 30th. • Apartment 4R is a studio in the back of the building. It’s such a commodious space that the current tenants have divided it into 2 parts—no doubt for pandemic privacy. Their lease runs through April 30th. • Apartment4/5F is a dramatic duplex penthouse with a skylight. The ample living room is downstairs and the kitchen dining area and bedroom are all on the top floor. This lease runs through August 31st.
Once you’re inside the building, the proportions of the house—especially the high ceilings and the placement of the bannister—are such that you will be most pleasantly surprised how roomy its 3920 square feet feel. Best of all, you can renovate this house to suit your own fancy: but you truly don’t need to because the property already is so well maintained.