154 9Th Ave #NA, New York, NY 10011

Description

154 Ninth Avenue is a quaint, four-story, 22' wide, 4,424 square foot mixed-use townhouse with low real estate taxes, located on a quintessential block in the Chelsea landmark district. Approximately 49 feet deep, and on a lot that is 62 feet deep, 154 Ninth Avenue consists of a first-floor commercial storefront leased to Royal Care Pharmacy (through Feb. 2025) and three floor-through 2-bedroom / 1-bathroom apartments above it, with 2 out of 3 vacant and the third owner-occupied. A 308 square foot garden is accessed from the common area's ground floor, and there's a full basement with good working systems in place. Built in 1852 and owner-occupied for the last 45+ years, the building has good bones, very low real estate taxes, is well-maintained with updated systems (new boiler, water pipes replaced with copper pipes, sound proofing and insulation in units 3 and 4, and a renovated commercial space), and is in very good condition. To recap:

Lot Size: 22.1' x 62'

Building Size: 22' x 49'

Floors: 4 (1st floor commercial, three floor-through apartments above, full basement, and garden).

Int. Sq. Footage: 4424 sf

Ext. Sq. Footage: 308 sf

Annual Property Taxes: $29,764

Year Built: "Nos. 150-158 were built in the local vernacular, in 1852, for James M. Edgar. These buildings were constructed with shops on the ground floors and dwellings above, to meet the daily needs of the shopkeepers and to serve the growing population in the neighborhood" (quoted in the 1970 Chelsea Historic District Designation Report).

Location: Chelsea Landmarked Historic District block, on a coveted stretch of Ninth Avenue near countless art galleries, the High Line park, Chelsea Market, and many excellent restaurants and shops the Chelsea neighborhood has to offer.