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33251829
33251675

506 LaGuardia Place, New York, NY 10012

MG
NY 10401227340
Cushman & Wakefield New York
BC
NY 10401289548
Cushman & Wakefield New York
Listed by Cushman & Wakefield New York
$15,000,000
8 days on market
Updated 8 days ago

506 LaGuardia Place | 100% FM, Renovated Mixed-Use Building

Details
APN 1005250050
Property Type Retail, Multifamily
Sub Type Restaurant
Square Footage 8,775
Units 5
Lease Type Modified
Lease Expiration 10/31/2032
Remaining Term 6.4
Rent Bumps Yes
Class A
Year Renovated 2022
Buildings 1
Stories 5
Lot Size (SqFt) 1,875
Zoning R7-2, C1-5
Investment Type Core
Ground Lease No

100% Free Market, Tax Class 2A Building | High-End Finishes in Greenwich Village

Marketing description

Cushman & Wakefield has been exclusively retained to arrange the sale of the property located at 506 LaGuardia Place, a luxury mixed-use building in the Greenwich Village neighborhood of Manhattan. The property is centrally located on the west side of LaGuardia Place between Bleecker and West Houston Streets, one of the most desirable retail and residential submarkets in all of Manhattan.

Featuring the world-class restaurant Lord’s on the ground floor and 4 renovated free market residential units above, 506 LaGuardia Place is a unique opportunity to acquire a well-located, turn-key asset. The property is designated tax class 2A, thereby limiting tax assessment increases to no more than 8% in any given year and no more than 30% in any 5-year period.

Residents enjoy keyless access at both the front entry and residence doors via Butterfly and SALTO systems. Each residential unit has been newly renovated and thoughtfully designed with luxury finishes, including Lutron Caseta app-controlled lighting, ducted air conditioning and individually controlled wall-mounted Cassettes adjustable via Ecobee thermostats. Each of the units also feature wide plank Terra Legno white oak engineered floors, Bertazzoni refrigerator/freezer, and an integrated Blomberg dishwasher.

Located in the heart of Greenwich Village, just north of SoHo, 506 LaGuardia Place is located near many unique neighborhood amenities, including Washington Square Park, NYU, and world class shopping and dining options in the surrounding area. With its proximity to iconic shopping, 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, including the 1, A, C, E, B, D, F, M, N, R, and W lines.

This luxury mixed-use 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 well-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. This luxury mixed-use 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 well-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.

Investment highlights

  • 100% Free Market
  • Tax Class 2A
  • Premier Restaurant Tenant on the Ground Floor
  • Completely Renovated
  • Prime Greenwich Village Location
  • Luxury Finishes

Listing Contacts

MG
NY 10401227340
Cushman & Wakefield New York
BC
NY 10401289548
Cushman & Wakefield New York
Listed by Cushman & Wakefield New York

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