684 Greenwich St - Apartments FOR SALE


New York, NY 10014- Hudson Square
$16,950,000 USD
212-812-5995
684 Greenwich St, New York, NY for Sale
$16,950,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

684 Greenwich St
New York, NY 10014
Hudson Square


OVERVIEW

JLL has been retained on an exclusive basis to arrange for the sale of 684 Greenwich Street (a.k.a 143-147 Christopher Street) - two contiguous, mixed-use, walk-up buildings located on the northwest corner of Greenwich and Christopher Streets. Comprised of approximately 6,908 gross sq. ft. in the heart of the West Village, the tax class protected, 100% Free Market buildings are currently configured as 5 apartments over 2 commercial spaces. The buildings are fully occupied and are being offered for sale following an extensive ~$2.5M gut renovation The residential units consist of three 3-Bed / 2-Bath apartments in 147 Christopher Street and two 3-Bed / 1.5- Bath apartments in 684 Greenwich Street. The five apartments are leased for an average of $10,073/month. All units have been renovated to include stainless steel appliances, in-unit washer/dryers and individual HVAC systems. The commercial space is anchored by Libertine, a high end, 46 seat French bistro. Libertine occupies 1,812 sq. ft above grade and is on a lease expiring in June of 2034 (Lease negotiated September of 2021 at COVID Rates). Ownership recently expanded and modernized Libertine’s space which included excavation of the basement to allow for cooking, meal preparation and storage. The smaller retail space in 147 Christopher is occupied by Pinery Cleaners (drop-off only) which has a lease in place until March of 2032. The retail tenants offer a combined ~8 years of WALT providing purchasers with steady income for years to come The property benefits from 94’ of wraparound corner frontage with two exposures in Manhattan’s West Village - one of the most desirable and dynamic neighborhoods in New York City. The corner location provides for quality light and air, efficient apartment layouts and increased visibility for retail tenants. 684 Greenwich represents an attractive opportunity to own a fully Free Market, tax class protected corner property in the most desirable neighborhood in New York City. Buyers will benefit from high quality, turn-key renovations, tax class protected status, stabilized retail, and operational efficiencies due to individual heating and cooling systems - all of which will lead to future rent growth and appreciation. The property will be sold on an as-is, where-is basis.

FOR SALE DETAILS

PRICE

$16,950,000 USD

PRICE/SF

$3,477 USD /SF

# OF UNITS

6

PRICE/UNIT

$2,825,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6

APN/PARCEL ID

0630-0024

ASK ABOUT THIS PROPERTY

212-812-5995

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212-812-5995

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