Charming West Village Multifamily Investment – 118 Washington Place
Address: 118 Washington Place, New York, NY, 10014
Price: $7,250,000 ($1,812,500 per Unit)
Sale Type: Investment Sale
Type: 3-Star Apartments
Location: Urban – Central Business District (CBD) / West Village
Units: 4 Residential Units
Avg Unit Size: 400 SF
Stories: 4 Stories
Building Class: B
Gross Building Area (GBA): 3,121 SF
Typical Floor Size: 780 SF
Number of Buildings: 1
Units per Acre: 133 Units/AC
Rent Type: Market Rate
Investment Overview:
118 Washington Place presents a rare opportunity to acquire a boutique multifamily property in Manhattan’s most iconic residential enclave—the West Village. With four market-rate units in a classic pre-war building, this asset offers investors strong rental demand, stable income, and significant long-term appreciation potential in a supply-constrained, luxury-driven neighborhood.
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Key Features:
Premier West Village Location:
✔ Nestled on a beautiful, tree-lined block just steps from Washington Square Park
✔ Surrounded by historic brownstones, high-end boutiques, renowned restaurants, and cultural landmarks
✔ High-demand rental market driven by affluent residents, academics, and professionals
Boutique Multifamily Building:
✔ 4-story walk-up with classic West Village charm and boutique scale
✔ 4 efficiently designed market-rate apartments averaging 400 SF each
✔ Potential for light upgrades to enhance cash flow and asset value
Building Specifications:
✔ 3,121 SF Gross Building Area with typical floors of 780 SF
✔ Single building with strong unit density (133 units/AC)
✔ Class B property offering stable operations and moderate maintenance
Financial Highlights:
✔ Asking Price: $7,250,000 ($1,812,500 per unit)
✔ 100% market-rate leases supporting stable and growing income streams
✔ Outstanding long-term investment in one of Manhattan’s most prestigious submarkets
Conclusion:
118 Washington Place is a boutique multifamily gem in the heart of the West Village—offering investors immediate income with strong upside potential in an irreplaceable Manhattan location. A rare and highly desirable addition to any real estate portfolio.
Contact us today to request the full offering memorandum or schedule a private tour.
