$4,800,000
$4,800,000
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391 West Street #Building Manhattan, NY 10014
3 Beds
5 Baths
4,075 SqFt
Key Details
Sold Price $4,800,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 4,075 sqft
Price per Sqft $1,177
Subdivision W. Greenwich Village
MLS Listing ID OLRS-0022666
Sold Date 04/05/22
Style Prewar
Bedrooms 3
Full Baths 5
HOA Y/N No
Year Built 1910
Property Description
Showings require a minimum of 24 hours notice.
This Five-story, 28-foot-wide Mixed-Use building on the Hudson in the desirable West Village provides endless possibilities. For the investor, it has a retail space with a basement and three "free market" sun-filled apartments, all with eastern and western exposures showcasing amazing Hudson River views. The 2nd and 3rd floors are 1 bedroom/1 bath floor-thru apartments, and the penthouse is a 1 bedroom/1.5 bath duplex with a massive full floor living room, office space, eat-in kitchen, and separate dining room. The retail space and all three apartments are currently rented on a month-to-month basis at below market rents. Gross projected market rental income is approximately $240,000 less current expenses $36,510, providing an approximate net income of $203,490 or a cap rate of 4.2%.
This building could also be suitable for a resident owner with income producing apartments, an owner occupied live-work situation or can even be converted to an incredible single-family home.
Built in 1910, the building is in very good condition, meticulously maintained, with updated and renovated finishes. Along the Hudson, it is right near Hudson River Park.
Location
State NY
County Newyork
Zoning C6-2
Building Detail https://giampaoloienna.com/nyc/buildings/391-west-st&sold-listing=true
Interior
Equipment Intercom
Fireplace No
Exterior
View Y/N Yes
View City, River
Private Pool No
Building
Story 5
Others
Pets Allowed Pets Allowed
Pets Description Building Yes, Yes
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RLS Data display by Elegran