145 W 21st St, New York, NY 10011

145 West 21st Street presents a rare opportunity to acquire a distinctive Chelsea multifamily property with exceptional flexibility and upside potential. This approximately 5,700+ square-foot building combines five free-market residential units with a flexible ground-floor studio/office component, offering investors, owner-users, and private buyers a unique blend of income generation and long-term value creation. Currently configured as a free-market multifamily asset, the property provides stable cash flow while offering multiple strategic possibilities. The building’s layout, additional non-residential space, and unused development potential create opportunities for continued investment, repositioning, or conversion into a bespoke Chelsea residence or private-use property. Positioned in the heart of Chelsea, the property benefits from a neighborhood known for its architectural character, art galleries, premier dining, boutique shopping, and proximity to major destinations including the High Line, Chelsea Market, Hudson Yards, Flatiron, and Madison Square Park. The property is ideally suited for: •⁠ ⁠Luxury single-family townhouse conversion •⁠ ⁠Private family office with residential component •⁠ ⁠Live-work residence •⁠ ⁠Creative studio or gallery concept •⁠ ⁠Boutique professional headquarters •⁠ ⁠Long-term income-producing investment Highlights include: •⁠ ⁠Prime Chelsea location •⁠ ⁠Approximately 5,700+ SF building •⁠ ⁠Five free-market residential units •⁠ ⁠Flexible ground-floor studio/office space •⁠ ⁠Unused development potential •⁠ ⁠Multiple investor and owner-user strategies A rare opportunity to acquire a versatile Chelsea asset offering immediate income, future flexibility, and the ability to create a truly bespoke property in one of Manhattan’s most desirable neighborhoods.