106 Washington Place presents a rare opportunity to acquire a boutique multifamily property located in the heart of Manhattan’s iconic West Village. With three market-rate residential units in a classic, historic building, this asset offers stable income, exceptional tenant demand, and significant long-term appreciation potential in one of New York City’s most prestigious neighborhoods.
Key Features:
Unmatched West Village Location:
✔ Situated on a tree-lined residential street steps from Washington Square Park
✔ Surrounded by world-class dining, boutique retail, and historic landmarks
✔ Strong rental demand from affluent professionals, academics, and international tenants
Historic Boutique Building:
✔ 4-story classic West Village mid-rise with charming architectural details
✔ 3 efficiently designed market-rate residential units averaging 500 SF each
✔ Ideal for long-term income or future luxury rental/condominium conversion
Building Specifications:
✔ 3,529 SF Gross Building Area with typical floors averaging 882 SF
✔ Single building on an intimate, desirable block
✔ Low-density multifamily asset with 78 units/AC
Financial Highlights:
✔ Asking Price: $7,750,000 ($2,583,333 per unit)
✔ 100% market-rate leases ensuring stable in-place cash flow
✔ Exceptional appreciation potential in one of Manhattan’s most supply-constrained luxury markets
Conclusion:
106 Washington Place offers an outstanding boutique investment opportunity in the heart of the West Village. Perfect for investors seeking stable income, prime location, and long-term value in one of New York City’s most iconic and enduringly desirable residential neighborhoods.
Contact us today to request the full offering memorandum or schedule a private tour.
