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244 Tenth Avenue is a fully renovated, five-story, mixed-use building located in the center of West Chelsea. Boasting 24.4 of avenue frontage, the property is just a few short blocks from the High Line, Chelsea Waterside Park, Clement Clarke Moore Park, and Hudson Yards. The building has recently undergone a full gut renovation and is comprised of ground floor retail space with eight (8) luxury apartments above. Floors 2-4 feature 2 two-bedroom apartments while the fifth floor houses 2 three-bedroom duplexes with private outdoor space. All apartments feature luxury finishes and come equipped with stainless steel appliances and Bosch washers and dryers. The two-bedrooms are rented for an average of $4,300 per month and the duplex three-bedroom units are averaging $6,000 per month.244 Tenth Avenue is an incredible opportunity for an investor looking to acquire a turnkey mixed-use asset in a prime location. In recent years, West Chelsea has evolved into a cultural epicenter of downtown Manhattan with some of the citys finest restaurants, shopping, art, and architecture. As such, 244 Tenth Avenue offers purchasers immediate cash-flow with long term upside as the neighborhood continues to develop.
* Listing courtesy of Massey Knakal Realty Services.