Multi-family

Prime Investment Opportunity in Central Greenwich Village

We are pleased to offer 82-84 West 12th Street, New York, NY 10011, a notable 3-Star Mid-Rise Apartment complex available for sale. This Class B, 6-story building in Greenwich Village’s Central Business District (CBD) offers a unique investment opportunity with 24 residential units, including rent-stabilized options. Priced at $29,000,000 (approximately $1,208,333 per unit), this property combines stable income potential with long-term value appreciation in one of Manhattan’s most desirable locations.

Property Overview:

• Address: 82-84 West 12th Street, New York, NY 10011
• Price: $29,000,000 ($1,208,333 per unit)
• Property Type: 3-Star Mid-Rise Apartments
• Location: Central Business District, Greenwich Village, New York City
• Total Units: 24
• Stories: 6
• Class: B
• Gross Building Area (GBA): 18,225 sq. ft.
• Typical Floor Size: 3,038 sq. ft.
• Building Count: 1
• Units per Acre: 240
• Market Segment: All
• Rent Type: Market/Affordable
• Affordable Units: 5 (Rent Stabilized)

Key Features:

Central Landmark Location in Greenwich Village
Positioned in the vibrant CBD, this property benefits from Greenwich Village’s blend of historic charm and modern appeal, with easy access to shopping, dining, and cultural landmarks. The building’s strategic location ensures high demand from both market-rate and affordable tenants.

Diverse Unit Mix with Rent-Stabilized Options
The 24-unit property includes five rent-stabilized units, providing a steady revenue stream while maintaining affordability within the community. The remaining units are market-rate, catering to a broad demographic in one of New York’s trendiest areas.

Investment Potential with a Strong Market Segment
The building’s Class B designation, combined with 18,225 sq. ft. of rentable space, represents significant growth potential for investors in a highly sought-after neighborhood. With flexible market and affordable rent structures, this investment property appeals to both traditional and affordable housing sectors, offering stability and scalability.

Efficient and Spacious Layout
Each floor covers approximately 3,038 sq. ft., maximizing rental income and unit efficiency. This layout ensures that the property meets the needs of renters in a competitive urban environment, creating an attractive long-term investment in a high-demand market.

Conclusion:

82-84 West 12th Street presents an exceptional investment opportunity in one of Manhattan’s most iconic neighborhoods. With its balanced unit mix, rent-stabilized options, and prime location in the heart of Greenwich Village’s CBD, this property is ideally suited for investors seeking a valuable asset in New York City’s thriving real estate market.