Retail

Prime Retail & Residential Investment – 15 8th Avenue, West Village

Address: 15 8th Avenue, New York, NY, 10014
Price: $4,900,000 ($2,050.21/SF)
Sale Type: Investment or Owner-User
Type: 2-Star Retail Storefront & Residential Property

Property Overview:

Located in the heart of the West Village, 15 8th Avenue presents a rare mixed-use investment opportunity in one of Manhattan’s most desirable and high-demand neighborhoods. This three-story building offers prime retail storefront space on the ground floor and residential units above, making it an ideal property for investors seeking stable rental income or an owner-user looking to occupy a premium location.

Key Features:

Premier West Village Location:

• Situated on 8th Avenue, in a charming, high-foot-traffic corridor known for its boutique retail, trendy cafés, and high-end dining.
• Steps from Bleecker Street, Hudson River Park, and Meatpacking District, ensuring consistent exposure to affluent locals, professionals, and tourists.
• Surrounded by luxury residences, high-end retail, and cultural destinations, making it a prime retail and residential hotspot.

Strong Investment Potential:

• Retail storefront on the ground floor provides high visibility and branding opportunities for businesses.
• Residential rental units above, ensuring steady income from long-term tenants.
• Mixed-use property, allowing for flexibility in rental strategies or potential owner-occupancy.

Building Specifications:

• 3-story retail & residential building with a Gross Leasable Area (GLA) of 2,390 SF.
• Typical floor size: 630 SF, ideal for boutique retail or a compact office space.
• Class C property, offering opportunities for renovation and increased rental potential.

Excellent Transit & Accessibility:

• Steps from major subway lines (1, 2, 3, A, C, E, L, B, D, F, M), ensuring seamless access for residents, businesses, and customers.
• Highly walkable and bike-friendly neighborhood, contributing to strong daily foot traffic.

Thriving Retail & Residential Market:

• The West Village is one of NYC’s most sought-after neighborhoods, home to luxury retail, boutique fitness studios, high-end restaurants, and historic brownstones.
• Ideal for investors seeking stable rental income, a business owner looking for a prime retail location, or a developer considering value-add improvements.

Highlights:

✔ Prime retail storefront + residential investment in the West Village
✔ $4,900,000 sale price ($2,050.21/SF) in a high-income, high-foot-traffic neighborhood
✔ Ground-floor retail space with excellent branding and exposure
✔ Surrounded by top-tier shopping, dining, and luxury residences
✔ Convenient transit access, steps from subway lines and major business districts

Conclusion:

15 8th Avenue presents a rare opportunity to acquire a mixed-use investment property in the West Village, one of NYC’s most vibrant and upscale neighborhoods. With a strong rental market, a prime retail storefront, and excellent appreciation potential, this property is perfect for investors, business owners, or developers looking to capitalize on Manhattan’s high-demand real estate market.

Contact us today to schedule a private tour and secure this premium investment property!