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The property is comprised of two buildings located at 225 W. 23rd Street and 220 W. 24th Street. Measuring 123,731 gross square feet, the property consists of 246 studio units and has approximately 4,000 square feet of retail space on the ground floor of the 23rd Street building. The property is well located in the Chelsea submarket of Manhattan between 7th and 8th Avenues, a market that offers a rich amenity base with close proximity to employment centers including Midtown South and “Silicon Alley.” The 225 W. 23rd Street building is situated on the same block as the 1 Subway line, a Crunch Fitness and a New York Sports Club Facility. There is a Whole Foods market located across the street from the entrance of 220 W. 24th Street.