$9,950,000

Situated mid-block on a beautiful tree-lined street in the heart of historic Chelsea sits 318 West 22nd Street, a stately 25'-wide, five-story red brick and brownstone clad property of approximately 7,300 square feet. Since 1985, this property has operated as the well-known Colonial House Inn, a unique part of Chelsea's gay history with a commemorative plaque on the building's facade. The late Mel Cheren, a well-known music entrepreneur at that time, purchased the brownstone and offered it as the first home of the Gay Men's Health Crisis. Once the organization outgrew the space, Cheren transitioned the property to an intimate bed and breakfast with a clothing-optional sundeck on the roof that offered reasonably priced guest rooms and suites to domestic and international travelers. Today it continues to operate as a highly-rated inn configured with twenty-two (22) single rooms including two (2) spacious private suites, one with access to the large, two-tiered landscaped garden; eleven (11) private and three and a half (3.5) public bathrooms. Additionally, at the parlor level entry, there is a small lounge with an office, and breakfast is served there daily. The stately facade has two entrances. A high stoop entry that leads to the grand parlor floor with approximately 12' ceilings, and the English basement entry beyond the large forecourt. The building has been well maintained throughout its history and features historic details throughout with preserved period moldings, fireplace mantles, and banister railings. Additionally, there is an existing roof garden with bulkhead and open skyline views namely to the East and North of the iconic New York skyline. With a Certificate of Non-Harassment in place, this historic property provides the unique opportunity for an end-user or investor to use as an existing hotel with a luxurious owner's apartment, convert to a multi-family income-producing property, or convert into a stately single-family mansion. Set between Eighth and Ninth Avenues, in the heart of Chelsea, and on a street replete with other private homes, 318 West 22nd Street is surrounded by the best New York City has to offer. Only steps away are the trendy High Line Park, New York's chic art gallery district, Hudson Yards, the Chelsea Market, The Avenues School, Chelsea Piers, the Hudson River Park, and a wide variety of upscale restaurants and shops. This charming townhome is truly a piece of New York City's real estate history.