159 Bleecker St - Apartments FOR SALE


New York, NY 10012- Greenwich Village
$40,000,000 USD
646-982-5856
159 Bleecker St, New York, NY for Sale
$40,000,000 USD
Apartments - FOR SALE
1/2
null | 5.39% Cap Rate

159 Bleecker St
New York, NY 10012
Greenwich Village


OVERVIEW

Wingate Advisors is pleased to present for sale 159-161 Bleecker Street, a 30,295 net rentable square foot mixed- use building. Greenwich Village is one of the most prestigious neighborhoods in the world and serves as New York City’s cultural epicenter. Anchored by Washington Square Park and New York University’s expansive campus, the neighborhood offers premier dining, retail, and entertainment options and has long attracted significant demand from investors and residents alike. The Property, benefiting from 50’ of frontage along Bleecker Street, features 8,439 square feet of prime retail across the ground, lower level, and mezzanine levels, office space on the balance of the mezzanine and second floor levels, and 20 luxury free market residential apartments on the second through eighth floors. The Offering has a projected Net Operating Income of $2.15 million providing investors with significant cash flow with contractual rental increases. please contact me for a private tour Ariel@wingaterei.com or 646-982-5856

FOR SALE DETAILS

PRICE

$40,000,000 USD

PRICE/SF

$1,409 USD /SF

# OF UNITS

25

PRICE/UNIT

$1,600,000

CAP RATE

5.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

R7-2, New York (J1)

APN/PARCEL ID

0539-0037

ASK ABOUT THIS PROPERTY

Ariel Ben EzraWingate AdvisorsMore Info
646-982-5856

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Ariel Ben EzraWingate AdvisorsMore Info
646-982-5856

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.