$7.7M Chelsea townhouse has a fashionable duplex and two income-generating rentals

Posted On Thu, August 12, 2021 By

Posted On Thu, August 12, 2021 By In Chelsea, Cool Listings

Listing photos courtesy of Brown Harris Stevens

The last time this Chelsea townhouse sold, it made tons of headlines for its super-stylish interiors and the fact that it was owned by Emmy-winning soap opera actress Ellen Parker, best known for a long run as Maureen Reardon Bauer on “Guiding Light.” That was in 2016, and it fetched $7,350,000. It then underwent a modern renovation and relisted in 2018 for $8 million. There were no takers, so it’s now back, asking a slightly reduced $7.7 million. Located on a charming tree-lined block at 426 West 22nd Street, the home is made up of an owner’s duplex plus two income-producing apartments.

The brick rowhouse was built in 1843 and is a total of 4,180 square feet. It’s located between 9th and 10th Avenues, considered one of the best blocks in West Chelsea.

The 2,306-square-foot owner’s duplex takes up the garden and parlor floors and was recently renovated. In total, there are four bedrooms, four fireplaces, and three bathrooms. On the lower level, an artsy living room is open to the somewhat Parisian-style kitchen. The kitchen has French doors that lead to the terraced, ivy-covered backyard. There’s also a full bath and a street-facing bedroom on this level.

On the second floor of the duplex, the primary bedroom overlooks the garden below. It has two dressing rooms and an en-suite bathroom. There’s another full bath in the hall and another street-facing bedroom.

The second floor is its own apartment, with two bedrooms, a galley kitchen, and a very decently sized terrace off the back.

The “penthouse” apartment is located on the third and top floors. On the third floor, there are two street-facing bedrooms and a rear, double-height living room and adjacent kitchen.

Upstairs, a lofted room could be a third bedroom or den. It opens to a lovely street-facing terrace.

In terms of the configuration of the home, the listing explains:

In addition to providing a live plus income opportunity, this turn-key historic townhouse encompasses three, free-market apartments exempt from rent-stabilization laws. This affords a new buyer with a variety of immediate investment scenarios, including but not limited to live plus income, conversion to a single-family mansion, boutique condominium conversion, or as a buy and hold rental with cash flow upside through additional property renovations.

[Listing details: 426 West 22nd Street at CityRealty]

[At Brown Harris Stevens by Candice Milano and Malessa Rambarran]


Listing photos courtesy of Brown Harris Stevens

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Neighborhoods : Chelsea



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