308 West 21st Street, New York, NY 10011

Two adjacent four-story walk-up buildings on a tree-lined Chelsea block, bordering the Chelsea Historic District. There are twenty-four (24) residential units. Fourteen (14) of the units are currently rent-stabilized with the remaining ten (10) being free-market and recently renovated. The units are configured as ten (10) studios, ten (10) one-bedrooms, two (2) three-bedrooms, two (2) four-bedrooms. The stabilized residential rents average $41/NSF in a building where free market rents average $98/NSF, providing significant upside for an investor.