Investment Opportunity
This is a 6 floor, 35 unit apartment building in the heart of Chelsea, built in 1938, in Art Deco style. The building has 5 studio apartments per floor and one 1-bedroom apartment per floor. Owners completed local law 11 this year and replaced the roof. Great opportunity for condo conversion.
Lot dimensions: 50 x 98.75ft
Building dimensions: 50 x 80ft
Building sq ft: 20,496
Lot sq ft: 4,938
Property Tax Assessment
Actual Land: $274,950
Actual Total: $504,000
Tax Class: 2
Property Maps
Zoning Map: 8d
Tax Map: 10303
Sanborn Map: 103 038
Ratio of Building sq ft to Lot sq ft (FAR)
FAR as built: 4.15
Max allowed FAR: 3
Sq ft over FAR: 5,678
Usable Floor Area: 20,493
Maximum: 14,814
Zoning
Zoning district: R78
Building class: D1
E-Designation: None
Historic District: None
Landmark: None
