West Village Multifamily Investment Opportunity – Prime Location
Address: 161 West 4th Street, New York, NY 10014
Asking Price: $8,250,000 ($1,375,000 per unit)
Sale Type: Investment
Property Type: 3-Star Mid-Rise Apartments
Location: Central Business District – West Village
Property Overview:
161 West 4th Street offers a rare opportunity to acquire a 6-unit multifamily property in one of Manhattan’s most desirable and historically rich neighborhoods. Situated in the heart of the West Village, this 4-story walk-up provides investors with stable in-place income and long-term value appreciation potential. The property’s prime location ensures consistent rental demand from professionals, students, and creatives drawn to the area’s charm, culture, and convenience.
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Key Details:
- Number of Units: 6
- Stories: 4
- Gross Building Area (GBA): 3,173 SF
- Typical Floor Size: 1,149 SF
- Lot Area: 1 building on site
- Units per Acre: 170/AC
- Construction: Masonry
- Class: C
- Year Built: Not specified (pre-war character)
- Rent Type: Market
Investment Highlights:
- Strong West Village location with sustained rental demand and limited supply
- Stable income-producing asset with potential for rent growth
- Walking distance to Washington Square Park, NYU, and multiple subway lines
- Surrounded by premier dining, shopping, and cultural institutions
- Opportunity for long-term value appreciation in a supply-constrained market
Financial Overview:
- Asking Price: $8,250,000
- Price per Unit: $1,375,000
- Sale Type: Investment
- Market Segment: All
- Occupancy: Market rate
Conclusion:
161 West 4th Street presents a rare chance to own a boutique multifamily building in the heart of the West Village, combining strong current income with the potential for future appreciation. This is an exceptional long-term hold in one of New York City’s most sought-after residential neighborhoods.
Contact us today for full financials, rent roll, and to arrange a property tour.
