Multi-family

Investment Opportunity: 116 MacDougal Street, New York, NY, 10012

Property Overview

• Asking Price: $17,500,000 ($448,718 per unit)
• Property Type: 2-Star Mid-Rise Apartments
• Sale Type: Investment or Owner User
• Location: Central Business District (CBD), Greenwich Village
• Units: 18
• Stories: 5
• Class: C
• Gross Building Area (GBA): 11,307 square feet
• Typical Floor Size: 1,190 square feet
• # of Buildings: 1
• Units per Acre: 314/AC
• Market Segment: All
• Rent Type: Market

Key Features

Ideal Location in Greenwich Village

116 MacDougal Street is strategically located in the heart of Greenwich Village, one of Manhattan’s most desirable neighborhoods. The property benefits from its proximity to vibrant cultural landmarks, trendy cafes, art galleries, and entertainment venues. This highly sought-after location is popular among both residents and tourists, ensuring strong demand for rental units.

Solid Investment Potential

With 18 units spread across 5 stories, this mid-rise building offers a well-balanced mix of residential living spaces. The competitive price per unit of $448,718 makes it an attractive option for investors looking to maximize returns in an upscale area. The building’s current market rent structure provides flexibility for future rent increases, further enhancing its long-term value.

Efficient Use of Space

The building’s 11,307 square feet of gross building area (GBA) and typical floor size of 1,190 square feet allow for spacious and comfortable living areas for residents. The layout is designed for optimal space utilization, and the configuration provides efficient management for landlords or owners.

Class C Building with Development Potential

As a Class C building, 116 MacDougal Street offers opportunities for light renovations or upgrades to further increase its value. With its excellent location and the potential for improvement, the property is ideal for investors seeking long-term appreciation in one of Manhattan’s most coveted neighborhoods.

Conclusion

116 MacDougal Street presents a unique opportunity to acquire a multi-unit property in Greenwich Village, offering solid rental income and potential for future growth. With its desirable location, strong tenant demand, and reasonable price per unit, this property is an excellent choice for investors looking to expand their portfolio or even for those seeking an owner-user option in one of New York City’s most vibrant neighborhoods.