$14,825,000
Updated 9 years ago
Off Market

131 Christopher Street

West Village, Manhattan | Hudson Street & Greenwich Street

9 Beds5,570 Square FeetRental Property

$14,825,000
floors / apts2 / 2
Lot Size26'x74'
ZoneC1-6
Building TypeLow-Rise
Price Per SF
$2,662

Building Amenities

  • Voice Intercom
  • Elevator

Property Description for 131 Christopher Street

Marcus & Millichap is pleased to offer 501 Hudson Street (aka 131 Christopher Street) (Block: 630 Lot: 48) on the northwest corner of Hudson and Christopher Street. The subject property sits on an irregular lot. The lot dimensions are 26.58 x 74.92 x 50 x 72.50, and the property is built full. The current two-story, eight unit mixed-use asset has an approximate gross square footage of 5,570 and is zoned C1-6. Landmarks has pre-approved up to 14,430 above-grade square feet with first floor retail, second floor commercial, and floors three to six of residential. A buyer may seek additional buildable square footage of up to 18,044 SF by amending the existing LPC filings. THE OPPORTUNITY 501 Hudson is offered at $14,825,000. This opportunity offers investors a chance to own and develop in the heart of the city’s most desirable neighborhood, the West Village. The property affords several investment/development scenarios: One possibility is a pristine mixed-use condo development to take advantage of residential sales prices currently trending north of $3,000 per square foot. Another possibility involves creation of a single flagship retail location with private residences above (similar to Versace Mansion in South Beach), or development of multiple retail units – in either case, taking advantage of 100 feet of frontage on a highly trafficked corner. Another possibility includes development of a three-four story home with excellent retail income below. INVESTMENT HIGHLIGHTS Prime Corner in Heart of West Village -- Hudson and Christopher A combined 100 Feet of Frontage along Christopher and Hudson Streets High Traffic Corner – Located Directly Next to NJ Path Train, Two Blocks from 1 Subway, and Five from the A,B,C,D,E,F,M Trains Live Plus Income Opportunity with Excellent Income from Retail All Retail Leases have 90-120 Day Cancellation Clauses Allowing Immediate Development Steps to Hudson River Park

Listing History for 131 Christopher Street

Now
11/30/2014
POM by Sean Lefkovits
Marcus & Millichap
07/24/2014
Contract Signed by Sean Lefkovits
Marcus & Millichap

Building Details for 131 Christopher Street

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1923
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

Christopher St-Stonewall
0.2 miles
W 4 St-Wash Sq
0.33 miles
Houston St
0.34 miles
14 St
0.47 miles

Citi Bike

Christopher St & Greenwich St
0.03 miles
Greenwich St & Christopher St
0.07 miles

Contact Agents

Contact Agents

Sean Lefkovits
Marcus & Millichap
Joseph Koicim
Marcus & Millichap

West Village | Manhattan

Quick Profile

Known for its high-end shopping on Bleecker Street, the elegant brownstones dating back to colonial times that have been depicted in films and television, the abundance of cafes, and its celebrity residents, the West Village neighborhood is what springs to mind when you think of the essence of New York City. This is a neighborhood where the pace of life is less hurried, and harried, than in other neighborhoods, exuding an understated elegance and naturally beautiful sophistication and charm. 

The West Village has something to offer everyone, whether your taste runs to designer goods and trend-setting restaurants, or you are happier browsing thrift stores and whiling away the hours in conversation with friends at a hole-in-the-wall coffee shop. There are public green spaces dotted throughout this neighborhood, where you can stop and commune with nature, or grab a bite to eat from a local deli or cafe and have a picnic. The Hudson River Park offers recreational opportunities and events for all ages.

There is a tradition of bohemian non-conformity attached to the West Village. Even the intimate, tree-lined, and sometimes cobblestoned, streets refuse to conform to the grid layout of the rest of Manhattan. Activism and social consciousness have always been hallmarks of this neighborhood. The neighborhood is diverse and accepting of all. You will find artistic venues and experimental theater, together with a broad spectrum of bars, including speakeasies, and restaurants featuring myriad cuisines.

The West Village is primarily residential, conspicuously lacking the high-rise office buildings that characterize other neighborhoods. This lends an air of quiet sophistication during the day. At night, the area becomes more lively, as residents frequent their favorite restaurants, theaters, cafes, and gastropubs. Housing consists of brownstones dating back to the 18th century, low-rise walk-ups, townhouses, artists lofts, and condos in renovated buildings. Newer high-rise residential buildings are cropping up along the Hudson River. Always popular with celebrities and artistic types, the West Village is now attracting families and young professionals in the tech and financial fields.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 28273TH