Address: 59 Morton Street, New York, NY, 10014
For Sale Price: $14,995,000 ($2,999,000 per Unit)
Sale Type: Investment
Units: 5
Gross Building Area (GBA): 6,700 Square Feet
Stories: 5
Average Unit Size: 1,203 Square Feet
Typical Floor: 1,340 Square Feet
Units per Area: 84/AC
Market Segment: All
Rent Type: Market
Overview:
This is an extraordinary opportunity to own a piece of the highly desirable West Village. 59 Morton Street is a well-maintained 5-unit townhome apartment building offering spacious living in one of New York City’s most sought-after neighborhoods. Priced at $14,995,000 ($2,999,000 per unit), this property offers high rental income potential and future appreciation in a location that is consistently in demand.
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Key Features:
Prime West Village Location:
Located in one of the most iconic neighborhoods in Manhattan, 59 Morton Street benefits from its proximity to top restaurants, cafes, boutiques, and cultural landmarks. The West Village is renowned for its charm and walkability, attracting residents who value both luxury and community.
Spacious Units:
With five spacious townhome apartments, each unit offers an average size of 1,203 SF, providing ample living space. The typical floor area is 1,340 SF, ensuring that residents enjoy generous layouts perfect for modern living. The apartments are designed for comfort and functionality, making them highly attractive to potential renters or buyers.
Excellent Investment Potential:
This property provides excellent rental income opportunities, with the flexibility to rent each unit at market rates. The West Village’s ongoing demand for high-quality rental properties ensures a steady income stream and long-term appreciation potential. The average unit size and unique townhome layout further enhance the appeal to affluent tenants.
Class B Construction:
The building is constructed to Class B standards, offering solid and durable construction while maintaining the character and charm that defines the West Village. The property has been well-maintained, ensuring it remains a sought-after asset in the neighborhood.
Investment Highlights:
- 5-unit townhome apartment building in a prime West Village location
- 6,700 SF GBA with an average unit size of 1,203 SF
- Priced at $14,995,000 ($2,999,000 per unit)
- Strong income potential with market-rate rents
- Ideal for long-term investment in one of Manhattan’s most prestigious neighborhoods
Contact us today to schedule a tour and learn more about this unique investment opportunity in one of New York City’s most coveted areas.
