$6,325,000

Non-landmarked 25' wide property in prime Chelsea. Currently a renovated three family townhome. Will be delivered vacant. 4,600 SF existing. 9,776 SF buildable.

Perfect as a turnkey rental property, non-landmarked development opportunity, or primary residence with strong additional income.

Located on 22nd Street between Seventh and Eighth Avenues amidst architecturally significant single family homes, on a bucolic tree-lined street, moments from highly acclaimed schools, and one half block from a multitude of shopping and dining options, 248 West 22nd Street is a lovely three family property with 40 foot deep planted, private garden- offering tremendous untapped potential for expansion. This property is non-landmarked on a non-landmarked block. The new owner will be able to construct the 9,776 square foot mansion of their dreams that is 25' wide. In contrast to most townhouse lots this width in Chelsea, you can create any style of home that you would like from traditional to very modern.

Current set-up:
Unfinished Basement with building mechanicals and storage.

Ground Level/Second Level:
The ground and second floors contain an income producing three bedroom, two full bath and powder room duplex apartment with access to the glorious 25x40 foot private garden, formal living and dining rooms, eat-in kitchen, laundry and a private deck accessed from the master bedroom.

Third Floor:
Two bedroom, two full bathroom income producing rental apartment with laundry, home office, and galley kitchen.

Fourth and Fifth Floors:
Three bedroom, two full bathroom plus powder room owner's duplex with large deck accessed off the master bedroom, vast great room with dining and open kitchen, laundry, and stairs to a private 20x35 foot roof garden.

Located within the R8B Zoning District with a maximum Floor Area Ratio of 4.0- a non-landmarked building on a non-landmarked block-the maximum permitted square footage for this unique offering is 9,776 square feet. With approximately 4,600 existing square feet existing on the lot, there is the possibility of an additional 5,176 for a building enlargement-in addition to a 30 foot deep garden. The possibility to build 25 feet wide and approximately 70 feet deep; a sublime opportunity for a single family estate, or an owner's four bedroom triplex with a two to three bedroom duplex with garden income producing property. The opportunities are endless. Contact us for an exclusive look at this truly rare offering.