Description

100% Free-Market Chelsea Townhouse with 5500 SF of Unused Air Rights

Positioned on one of Northwest Chelsea's most desirable blocks, this 20-foot-wide multifamily townhouse presents a rare opportunity to acquire a well-maintained income-producing property in one of Manhattan's most supply-constrained and rapidly evolving neighborhoods.

The building offers multiple avenues for value creation, including certain unit renovations, expansion, redevelopment, and the utilization or sale of unused FAR. The existing structure occupies only a portion of its allowable zoning envelope, creating substantial upside for investors, developers, and end-users alike.

The property is currently configured as four residential units, including a garden-level apartment with direct access to a deep rear garden, a parlor-level floor-through residence, and two upper floor-through two-bedroom apartments. All units enjoy both northern and southern exposures, providing exceptional natural light throughout the day and serene garden views to the rear. Original details, exposed brick, decorative fireplaces, high ceilings, and a skylight on the top floor contribute to the property's enduring character.

Major office campuses occupied by Meta, Amazon, Apple, BlackRock, and numerous technology, finance, and media firms are all within a few minutes' walk and have transformed the surrounding neighborhood into one of Manhattan's most important live-work districts.

Highlights include:

• 100% free-market building
• Four residential units
• 20' x 98.75' lot
• 5500 SF of unused FAR
• North and south exposures
• 60' deep rear garden with expansion potential
• One block from Penn Station and Moynihan Train Hall
• Few minutes' walk from Hudson Yards, Whole Foods, the High Line, and Chelsea's world-famous gallery and dining scene

As demand for housing continues to grow in the area, opportunities to acquire a fully free-market townhouse with this level of meaningful upside have become increasingly scarce. 362 West 30th Street offers a unique combination of location, flexibility, income potential, and long-term value creation in one of Manhattan's most dynamic neighborhoods.