Multi-family

Located in the vibrant Greenwich Village neighborhood, 118 Macdougal Street, New York, NY, 10012, is part of a premier investment portfolio and is listed for $17,500,000. This 4-star mid-rise apartment building offers a unique combination of luxury and affordable housing, providing investors with reliable rental income and potential for long-term growth.

Property Overview:

• Sale Type: Investment or Owner-User
• Price: $17,500,000 ($448,718/Unit)
• Property Type: 4-Star Mid-Rise Apartments
• Location: Central Business District, Greenwich Village
• Units: 21 (Average unit size: 636 SF)
• Gross Building Area: 13,050 SF
• Typical Floor Size: 2,175 SF
• Stories: 5
• Class: B
• Affordable Units: Includes rent-stabilized options

Key Features:

1. Prime Location:
   Situated in Greenwich Village, one of Manhattan’s most iconic neighborhoods, this property benefits from a mix of cultural attractions, boutique shopping, and proximity to prestigious institutions like New York University.
2. Diverse Rental Structure:
   Offers both market-rate and rent-stabilized units, appealing to a broad range of tenants while ensuring stable income streams for the owner.
3. Well-Designed Layout:
   With an average unit size of 636 SF, each apartment is designed for modern living while maintaining the historic charm of the building.
4. Investment Opportunity:
   The mix of affordable and market-rate units, combined with its strategic location, makes this property an attractive option for investors seeking a blend of steady income and asset appreciation.

Conclusion:

This property is an outstanding opportunity for buyers looking to invest in one of New York City’s most desirable areas. Its combination of class, location, and versatility ensures both immediate and long-term returns. Perfect for seasoned investors or those looking to diversify their portfolio in the competitive Manhattan market.