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Listing Courtesy of Compass
$8,995,000
Est. payment /mo
20 Beds
20 Baths
9,155 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,155 sqft
Price per Sqft $982
Subdivision West Village
MLS Listing ID RLS20064417
Style Walk-Up
Bedrooms 20
HOA Y/N Yes
Year Built 1901
Annual Tax Amount $139,536
Property Sub-Type Multi Family
Property Description
Prime West Village Multi-Family Investment Opportunity | Jane Street
Offered for sale is a rare multi-family building located on iconic Jane Street in the heart of Manhattan's West Village—one of New York City's most sought-after and enduring neighborhoods. This approximately 9,155-square-foot property features 20 residential units, all studio apartments with high ceilings, a highly desirable layout that continues to attract strong tenant demand.
The building presents a compelling investment opportunity with significant upside, featuring a favorable rent roll that includes 17 free-market units and only 3 rent-stabilized apartments. The unit mix and configuration allow for long-term income growth through turnover, renovations, and operational optimization, while benefiting from the stability and prestige of a prime West Village address.
Jane Street is synonymous with classic New York charm, lined with historic townhouses, tree-shaded blocks, and cobblestone streets. Residents enjoy immediate proximity to celebrated landmarks and attractions such as the Hudson River Park, The High Line, Washington Square Park, and the nearby Meatpacking District. The neighborhood is renowned for its vibrant cultural scene, featuring acclaimed restaurants, cafés, boutiques, jazz clubs, and galleries, all within a few blocks.
Excellent transportation access includes multiple subway lines (1, A, C, E, B, D, F, M), making the location equally attractive to residents and investors alike.
This is a rare chance to acquire a well-sized, income-producing asset in a blue-chip Manhattan neighborhood with enduring demand, limited supply, and strong long-term appreciation potential.
Offered for sale is a rare multi-family building located on iconic Jane Street in the heart of Manhattan's West Village—one of New York City's most sought-after and enduring neighborhoods. This approximately 9,155-square-foot property features 20 residential units, all studio apartments with high ceilings, a highly desirable layout that continues to attract strong tenant demand.
The building presents a compelling investment opportunity with significant upside, featuring a favorable rent roll that includes 17 free-market units and only 3 rent-stabilized apartments. The unit mix and configuration allow for long-term income growth through turnover, renovations, and operational optimization, while benefiting from the stability and prestige of a prime West Village address.
Jane Street is synonymous with classic New York charm, lined with historic townhouses, tree-shaded blocks, and cobblestone streets. Residents enjoy immediate proximity to celebrated landmarks and attractions such as the Hudson River Park, The High Line, Washington Square Park, and the nearby Meatpacking District. The neighborhood is renowned for its vibrant cultural scene, featuring acclaimed restaurants, cafés, boutiques, jazz clubs, and galleries, all within a few blocks.
Excellent transportation access includes multiple subway lines (1, A, C, E, B, D, F, M), making the location equally attractive to residents and investors alike.
This is a rare chance to acquire a well-sized, income-producing asset in a blue-chip Manhattan neighborhood with enduring demand, limited supply, and strong long-term appreciation potential.
Location
State NY
County New York
Interior
Fireplaces Number 1
Fireplaces Type Decorative
Furnishings Unfurnished
Fireplace Yes
Laundry See Remarks
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family
Story 4
New Construction No
Others
Tax ID 0626-0052
Ownership None
Monthly Total Fees $11, 628
Pets Allowed Building No, No
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716