Multi-family

Located at 15 8th Avenue, this exceptional mixed-use property offers an outstanding investment or owner-user opportunity in one of New York City’s most desirable neighborhoods. With its combination of retail storefront space and residential units, this property offers flexibility and strong potential for both immediate income and long-term growth.

Property Overview:

• Address: 15 8th Avenue, New York, NY 10014
• Asking Price: $5,400,000 ($2,259.41/SF)
• Sale Type: Investment or Owner-User
• Property Type: 2-Star Retail Storefront with Residential Units
• Location: Central Business District (CBD)
• Gross Leasable Area (GLA): 2,390 sq. ft.
• Stories: 3
• Typical Floor Area: 630 sq. ft.
• Class: C

Key Features:

Prime West Village Location:
Situated in the heart of the West Village, 15 8th Avenue enjoys a prestigious address in one of Manhattan’s most sought-after and historic neighborhoods. Known for its charming streets, vibrant atmosphere, and proximity to some of the city’s top restaurants, boutiques, and cultural landmarks, this location ensures consistent demand for both retail and residential space.

Versatile Mixed-Use Layout:
This property features a 2,390 sq. ft. gross leasable area spread across three stories, with a retail storefront on the ground floor and residential units above. With a typical floor size of 630 sq. ft., the layout offers flexible options for businesses or owners seeking to occupy the retail space while renting out the residential units for steady income.

Investment or Owner-User Opportunity:
Whether you’re looking to acquire an income-generating property or secure a space for your own business while living above, this property caters to both needs. The investment potential is enhanced by its location in a thriving market, with opportunities for future appreciation in one of New York City’s most desirable areas.

Class C Building with Development Potential:
As a Class C property, 15 8th Avenue provides potential for value-added improvements, making it an excellent choice for an investor seeking to enhance the property through upgrades or repositioning. The building’s current layout and size also offer possibilities for future expansion or reconfiguration to maximize return on investment.

Conclusion:
15 8th Avenue presents an exceptional opportunity to acquire a versatile mixed-use property in the West Village. Whether you are an investor looking to capitalize on the rental market or an owner-user seeking a prime location for your business and residence, this property delivers excellent potential for both short- and long-term returns. With its prime location, flexible space, and future growth prospects, 15 8th Avenue is an excellent addition to any real estate portfolio.