Key Features
Prime West Village Location
Located in the heart of Manhattan’s historic West Village, this property benefits from a charming, tree-lined street while maintaining close proximity to major business and cultural centers. This blend of tranquility and accessibility makes it a highly desirable location for tenants and investors alike.
Unit Composition and Affordability
With 8 total units, including 2 rent-stabilized apartments, this property provides a balance of market-rate and affordable housing. The rent-stabilized units offer a dependable revenue stream, while market-rate units provide room for rental income growth.
Efficient and Manageable Layout
The four-story building has a Gross Building Area of 3,779 square feet and a typical floor size of 945 square feet, allowing for efficient operations and manageable maintenance. Its Class B designation reflects its solid construction and potential for incremental upgrades.
Investment Opportunity
West Village properties are known for strong demand and long-term appreciation, making this an attractive investment. The mix of rent-stabilized and market-rate units provides income stability while offering opportunities for future value addition through renovations or repositioning.
Conclusion
54 Jane Street offers investors a unique opportunity to own a multi-unit residential property in one of Manhattan’s most sought-after neighborhoods. With its prime location, blend of market and rent-stabilized units, and solid investment fundamentals, this property is an ideal addition to any portfolio.
