The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

336 West 19th Street, Unit 1

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336 West 19th Street is a 21-unit Chelsea apartment building offering immediate cash flow and significant upside. The property consists of 8 market-rate apartments and 13 SRO units, with 6 SRO units currently vacant, creating a clear lease-up opportunity for a value-add investor.

Built in 1910, the four-story walk-up building. The property encompasses approximately 6,546 square feet on a 2,300 square foot lot and features efficient layouts consistent with classic early 20th-century Manhattan multifamily construction.

Located on one of Chelsea’s most desirable tree-lined blocks, the building is steps from The High Line, Chelsea Market, Hudson River Park, and major subway lines. The property was previously appraised at $6.6 million, highlighting its long-term investment appeal.

Investment Highlights

– Four-story pre-war multifamily rental building in Chelsea

– 21 residential units consisting of 8 market-rate apartments and 13 SRO units

– 6 vacant SRO units offering immediate lease-up and value-add potential

-Ideal for multifamily operators, private investors, and family offices

– Proximity to major Chelsea destinations including the High Line, Chelsea Market, and Hudson River Park

– Opportunity to enhance revenue through unit improvements, operational efficiencies, and ancillary income opportunities, subject to applicable laws and approvals

This is an opportunity to acquire a well-located Manhattan asset with both current income and a clear path to increasing value through active management.

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Written By: Georges Benoliel

Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.

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