Description

Below-Market Investment Opportunity in Chelsea High Line District. INVESTORS, this is a unique opportunity to buy in a prime location at a price significantly below market value in exchange for granting the elderly seller a life-time lease enabling her to continue living in the apartment, eventually reclaiming the apartment as your own. While you wait, you receive no rent, but seller pays all maintenance and special assessments.


This 3rd floor walk-up cooperative, part of a 4-building coop established in 1982, is located in a landmark, early 19th Century Greek Revival townhouse and nestled in one of the best blocks in Chelsea. It has 10.5 foot ceilings, 3 large double-glazed windows, bright west-facing living and bedrooms, an open kitchen, and a decorative fireplace. The perfect pied-a-terre or primary residence.


162 Ninth is located around the corner from Chelsea Market, the High Line, the Meatpacking District, and some of the city's best restaurants and museums. Within quick short distance are gourmet stores, the A/C/E/1/2/3/L subway lines and other abundant services. Co-purchasing OK. Once the investor has reclaimed the apartment, both pied-a-terre and subletting (after 2 years) OK.


Cash only. No seller financing. Viewings available by appointment with 48 hour notice. Key Words: investor, investment, tenant.
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Building Features

intercom

Unit Features

fireplace

$519,000

$20,000  -  149 days ago

Listed on Apr 09, 2019

248 Days on Market

1 Bed / 1.0 Bath / - ft²

Total Monthly Expenses: $863

Exclusively listed with: Stribling & Associates

Dan
Critchett

dcritchett@compass.com

(917) 855-8421

Steven
Sinek

steven.sinek@compass.com

(201) 233-2124

Listing Courtesy of Stribling & Associates View Listing

Unit listing history

Date Status Amount Listed by Owner Name
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