116 & 118 MacDougal Street, New York, NY 10012
116 & 118 MacDougal Street, New York, NY 10012
Greenwich Village
38 Units & 4 Stores | 21,790 SF | 63% Free Market
| Asking Pricing | $21,100,000 |
|---|---|
| Neighborhood | Greenwich Village |
| Properties | Two Properties |
| Size | 21,790 SF |
| Stories | 5 Stories |
| Units | 38 Apartments & 4 Stores |
Investment Highlights:
Meridian Investment Sales is pleased to present for sale 116 & 118 MacDougal Street, two contiguous walkup buildings located in the heart of the esteemed Greenwich Village neighborhood, between West 3rd Street and Bleecker Street. Built in 1900 and rising five stories, the properties include 38 apartments of which 24 are free market (63%) and four established retail tenants. Combined there are 21,790 SF which includes 18,040 SF of residential and 3,750 SF of retail space. The residential and retail rents are 20% below market offering a new investor an opportunity to add value and raise the rents.
Greenwich Village is one of the most prestigious neighborhoods in the world and serves as New York City’s cultural epicenter. Anchored by Washington Square Park and New York University’s expansive campus, the neighborhood offers premier dining, retail, and entertainment options and has long attracted significant demand from investors and residents alike. Nearby subways include the [1,2] trains on Houston Street, [A, B, C, D, E] trains on West 4th Street, [N, Q, R, W] trains on West 8th Street & [4, 6] trains on Bleecker Street.
