West 16th Street

This townhouse’s unique story:

This 5-unit, luxury townhouse on West 16th Street was spacious, sunny, and full of free-market tenants. The coveted Chelsea location made it a desirable investment, but a modest return and limited showing availability posed a marketing challenge.

Dexter Guerrieri’s innovative solution:

Vandenberg’s research and comparables helped the seller price the property at its true market value. Our Buyer Specialists clustered showings around the long-term-tenants’ complicated schedules. After only two weeks of showings, we brought five bids (including three direct and two from co-brokers.) Before long, the sale closed smoothly for the full asking price of $5,950,000.