Cushman & Wakefield has been exclusively retained to arrange the sale of 801 Greenwich Street, a luxury mixed-use elevator building in the West Village neighborhood of Manhattan. The property is centrally located on the east side of Greenwich Street between Jane Street and W 12th Street, one of the most desirable corridors in Manhattan.
The property encompasses approximately 11,496 gross square feet, featuring 5 residential units and 1 ground-floor retail unit. All residential units are 100% free market with elevator access directly in-unit. Furthermore, the asset benefits from being tax class 2A, limiting the increase to the assessed value to no more than 8% in any given year and no more than 30% in any 5-year period. Each unit has been newly renovated and thoughtfully designed with luxury finishes, expansive floor plans, in-unit washer/dryers, and shared access to a fully furnished and landscaped outdoor roof deck.
Located in the heart of the West Village, 801 Greenwich Street is positioned near a number of area amenities, including the High Line, Hudson River Park, W 4th Street, Bleecker Street, and the West Side Highway. Retail and residential rents in the surrounding area are continuing to rise, demonstrating the enduring strength and popularity of this submarket. With its proximity to iconic shopping destinations, world-class restaurants, and cultural attractions, the property benefits from consistent foot traffic from both locals and tourists alike. The asset also enjoys excellent public transportation connectivity, with multiple subway and bus lines within walking distance, 1, 2, A, C, E, B, D, F, & M.
This luxury mixed-use elevator property offers an incredible opportunity to purchase a well-positioned asset in one of New York City’s most sought-after locations. Buyers can capitalize on this newly renovated, cash-flowing opportunity that is poised to appreciate as the surrounding submarket continues to thrive, driven by strong demand, new developments, and increased popularity.