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.
- Pet Friendly
All information is from sources believed to be reliable and is subject to change of price, rental, commission or other conditions, prior sale, lease or financing or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footage are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics are reserved. Customer should consult with its counsel regarding closing costs. Nothing herein shall constitute an offer or solicitation with respect to the purchase or sale of any property in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make an offer or solicitation.