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21966688

159-161 Bleecker St, New York, NY 10012

AB
NY 10311210512, NJ 2293263
Wingate Advisors
Listed by Wingate Advisors
$40,000,000
483 days on market
Updated 76 days ago

159 Bleecker Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 30,295
Net Rentable (SqFt) 30,295
Units 25
Cap Rate 5.68%
NOI $2,270,000
Occupancy 100%
Price per SqFt $1,320
Class A
Year Built 2007
Investment Type Institutional
Occupancy Date 02/18/2025
Ground Lease No

Prime Investment Opportunity: Luxury Mixed-Use Property in the Heart of Greenwich Village

Marketing description

Wingate Advisors is pleased to present for sale

159-161 Bleecker Street, a 30,295 net rentable square foot mixed- use building. Greenwich Village is one of the most prestigious neighborhoods in the world and serves as New York City’s cultural epicenter. Anchored by Washington Square Park and New York University’s expansive campus, the neighborhood offers premier dining, retail, and entertainment options and has long attracted significant demand from investors and residents alike.

The Property, benefiting from 50’ of frontage along Bleecker Street, features 8,439 square feet of prime retail across the ground, lower level, and mezzanine levels, office space on the balance of the mezzanine and second floor levels, and 20 luxury free market residential apartments on the second through eighth floors. The Offering has a projected Net Operating Income of

$2.27 million providing investors with significant cash flow with contractual rental increases. please contact me for a private tour [email protected] or 646-982-5856

Listing Contacts

AB
NY 10311210512, NJ 2293263
Wingate Advisors
Listed by Wingate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$2,270,000.00
$189,166.67/mo

Valuation Metrics

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DSCR
5.68%
Cap Rate
5.68%
ROI

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Additional Information

Name
Ariel Ben Ezra
License
10311210512
Brokerage
wingate advisors
Brokerage Address
535 5th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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