Below-Market Investment Opportunity in High Line District photo 1
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162 Ninth Avenue
New York, New York, United States

Description

INVESTORS ONLY: Grant a life estate to the elderly seller, offering you an opportunity to buy in a prime location at significantly below market value.

Here is a unique opportunity to own in a landmarked, early 19th Century red brick townhouse nestled in one of the best blocks in Chelsea. Built in 1835 and converted to a co-op in 1982, this Greek Revival townhouse is now a pet-friendly, walk-up co-op comprised of 4 floors and 13 apartments. Just two flights up is Apartment 3A with 10.5-foot ceilings, 3 large double-glazed windows, bright living and bed rooms, an open kitchen, and a decorative fireplace. Its owner-occupant seeks to sell at a signifiant discount to market value and continue to live in the apartment under a life estate, making this an attractive investment opportunity for the right buyer.

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. Pieds-a-terre, Sublets and Co-purchases are permitted once the life-estate has been reclaimed by the new investor/owner.

Interested buyers will be requested to complete a Purchase Offer before viewing, and all viewings will be schedule by appointment only. Key Words: investor, investment, tenant.

Presented by

Stribling & Associates, Ltd.

Stribling & Associates, Ltd.
Click To Show Phone
Main: +1 212 570 2440
Fax: +1 212 570 0138

Location

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