212-468-5907
405-421 Hudson St, New York, NY for Sale
Apartments - FOR SALE
1/3
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405-421 Hudson St
New York, NY 10014
West Village


OVERVIEW

Meridian Investment Sales is pleased to present exclusively for sale the commercial condominium interest at 421 Hudson Street, collectively known as “The Printing House,” a premier fitness property fully leased to Equinox. The offering encompasses seven commercial condominiums totaling 32,645 square feet across four floors, representing a 14.21% undivided interest in the iconic West Village residential building. The space is purpose-built for luxury fitness use, including a member lounge, pool deck, yoga, pilates, and cycling studios, expansive gym space, and full locker room facilities. Equinox occupies 100% of the condominium under a recently revised long-term lease through 2045 with rent escalations every 5 years, which is fully guaranteed through 2038. Current base rent is $1.96MM ($60.12 PSF). The lease is structured on a triple-net basis, with the tenant responsible for 100% of real estate taxes, common charges, and utilities. Equinox is presently finishing a full elevator overhaul, and the space has recently undergone a multi-million dollar capital improvement. Equinox Holdings Inc., named in 2025 as Manhattan's largest retail tenant and having recently received a 2024 $1.8 billion private equity investment, serves as guarantor of the lease through 2038, ensuring durable credit backed income. The property presents investors the opportunity to acquire a stable, institutional-quality asset with long-term tenancy, premium buildout, and strong fundamentals in one of Manhattan’s most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

145

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Printing House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

10

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,000 SF

ZONING

M1-5

APN/PARCEL ID

0601-1010,0601-1013,0601-1017,0601-1018,0601-1033,0601-1034,0601-1041,0601-1044,0601-1046,0601-1077,0601-1085,0601-1099,0601-1100,0601-1106,0601-1127,0601-1128,0601-1131,0601-1142,0601-1145,0601-1156,0601-1169,0601-1176

ASK ABOUT THIS PROPERTY

David SchechtmanMeridian Capital Group, LLCMore Info
212-468-5907

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David SchechtmanMeridian Capital Group, LLCMore Info
212-468-5907

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