$7,100,000
Updated 7 years ago
Off Market

21 Downing Street

Greenwich Village, Manhattan | Bleecker Street & Bedford Street

9 Rooms3 Beds3 Baths4,050 Square FeetThree Family House

$7,100,000
floors / apts4 / 4
Lot Size16'x70'
Built Size16'x70'
ZoneRC
Building TypeLow-Rise
RE Taxes$28,242
Price Per SF
$1,753

Listing Features

  • Architectural Dtls
  • High Ceilings
  • Original Details
  • Skylights
  • Deco Fireplace
  • Central AC
  • Gas Heat

Outdoor space and views

  • Deck
  • Patio [5'x18']
  • Terrace [11'x18']
  • Courtyard
  • Garden Views
  • Townhouse Views
  • Treeline Views

Building Amenities

  • Voice Intercom
  • Roof Deck

Property Description for 21 Downing Street

Historic turn-of-the-century owner-occupied building at the crossroads of Soho and the West Village is a jewel. The approximately 4,000 square foot building is in pristine condition and features 3 floor-thru one bedroom market-rate apartments, all three with central air and a washer dryer. Each apartment gets its own private outdoor space: the second floor has a large deck, and the third and fourth floors split the truly fabulous roofdeck, newly done with a gas grill and outdoor shower. The commercial duplex unit on the ground floor is gut renovated and includes a euro style kitchen and a bathroom on each floor. This rare offering represents a solid low-risk investment for the savvy buyer seeking reliable income and capital appreciation as well as the end-user wanting to live on an iconic West Village block with income as well. Entire building currently rented out for $28,400 per month, bu the top floor and ground could be delivered vacant if desired. The ground plus basement is presently set up as an office and is leased for $12,000 per month; the second floor is 1BR with private deck, leased for $5800; third floor leased for $4600 and 4th Floor leased for $6000. Yearly net income is $297,000 with a cap rate of 4.2 percent. Contact us for more information and to set up a viewing

Building Details for 21 Downing Street

OwnershipThree Family House
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Houston St
0.15 miles
W 4 St-Wash Sq
0.23 miles
Spring St
0.24 miles
Christopher St-Stonewall
0.26 miles
Prince St
0.46 miles

Citi Bike

Carmine St & 6 Ave
0.07 miles
King St & Varick St
0.17 miles

Contact Agents

Contact Agents

Richard Orenstein
Brown Harris Stevens
Isaac Halpern
Brown Harris Stevens

Greenwich Village | Manhattan

Quick Profile

Birthplace of beatniks, Greenwich Village has always been a neighborhood bursting with creativity, home to artists, poets, musicians and writers. There is a lot of foot traffic in the neighborhood, as it gives convenient access to many other neighborhoods. There are a lot of popular eateries on MacDougal Street and bars on Bleecker Street. The neighborhood has a bit of a college-town feel, due to the presence of NYU. There aren’t large chain stores here, so it isn’t really a mecca for shopaholics, but you can find interesting vintage stores and specialty boutiques.

Available housing is centered on pre-war walk-ups. You can find good deals on the quieter, tree-lined side streets, as opposed to the bustling avenues. There are pockets of brownstones and townhouses, some dating back to the early 19th century, throughout the neighborhood, as well. You will find more luxurious housing in the newer high-rise buildings on Park and Fifth Avenues.

Washington Square Park is the heart of the neighborhood. If you sit near the Arch and close your eyes, you might catch an echo of the music and social history of the Park, floating through the air. Greats like Joan Baez, Bob Dylan, and Paul Simon started their storied careers right here in Greenwich Village. Today, the Village is a celebration of diversity, where everyone is welcome.

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: 25961TH