Updated 7 years ago
Off Market
21 Downing Street
Greenwich Village, Manhattan | Bleecker Street & Bedford Street
8 Rooms3 Beds4.5 Baths3,600 Square FeetMixed Use
$7,250,000
floors / apts4 / 3
Lot Size16'x70'
Built Size16'x70'
ZoneR6
Building TypeLow-Rise
RE Taxes$32,256
Price Per SF
$2,014
Listing Features
- Architectural Dtls
- Beamed Ceilings
- High Ceilings
- Original Details
- Skylights
- Deco Fireplace
Outdoor space and views
- Balcony
- Patio
Building Amenities
- Voice Intercom
Property Description for 21 Downing Street
Own a piece of New York history with a 4.8% cap rate.
A distinguished turn-key investment property on a coveted West Village Street.
Built in 1877, 21 Downing is an impressive newly renovated and fully leased 3-unit townhouse with ground floor retail that lends itself well to a number of uses including an owner/user scenario, investment property, a private single-family home or a 1031 exchange. This income generating property has all new mechanicals, a new roof, newly renovated residential units, newly remodeled hallways and a newly finished facade.
Measuring 17 x 50, the building is completely gut renovated using the highest quality of materials across all levels. The building spans over 3600 interior square feet, features 1,100 square feet of outdoor space and an additional 850 square foot basement.
With a cap rate of 4.8%, the breakdown of the units is as follows.
Unit 1: Retail / Office Currently configured as a ground floor office space with a lower level. The ground floor has a bathroom, pantry, outdoor space and a dedicated HVAC unit, and the lower level has a half bath. The retail unit can be converted into residential. The ground floor recently signed a new 5-year lease with two 5-year options.
Unit 2: Residential Floor through 1 bedroom / 1 bathroom with private outdoor space, two decorative fireplaces, washer/dryer, dishwasher and a split system AC unit. The bedroom features wood beamed ceilings and exposed brick, and the bathroom features Byzantine Subway tile.
Unit 3: Residential Floor through 1 bedroom / 1 bathroom with private rooftop terrace, two decorative fireplaces, washer/dryer, dishwasher and a split system AC unit. The bedroom features exposed brick and a beautifully finished wood beamed ceiling. The newly renovated bathroom is outfitted with a standing glass shower and Byzantine Subway tile.
Unit 4: Residential Floor through 1 bedroom / 1 bathroom with a private rooftop terrace featuring an outdoor shower, two decorative fireplaces, two skylights, washer/dryer, dishwasher and a split system AC unit. The bedroom features exposed brick, and the newly renovated bathroom features a skylight and is outfitted with Byzantine Subway tile.
As 1 of only 12 townhouses on Downing Street, this distinctive building offers the new owner the ability to generate significant income. Downing Street is a distinctly private one-way enclave and home to Blue Ribbon, Café Clover, Emily, Windrose and stunningly charming carriage homes.
Please email for a full set up and a list of all completed renovations / materials.
A distinguished turn-key investment property on a coveted West Village Street.
Built in 1877, 21 Downing is an impressive newly renovated and fully leased 3-unit townhouse with ground floor retail that lends itself well to a number of uses including an owner/user scenario, investment property, a private single-family home or a 1031 exchange. This income generating property has all new mechanicals, a new roof, newly renovated residential units, newly remodeled hallways and a newly finished facade.
Measuring 17 x 50, the building is completely gut renovated using the highest quality of materials across all levels. The building spans over 3600 interior square feet, features 1,100 square feet of outdoor space and an additional 850 square foot basement.
With a cap rate of 4.8%, the breakdown of the units is as follows.
Unit 1: Retail / Office Currently configured as a ground floor office space with a lower level. The ground floor has a bathroom, pantry, outdoor space and a dedicated HVAC unit, and the lower level has a half bath. The retail unit can be converted into residential. The ground floor recently signed a new 5-year lease with two 5-year options.
Unit 2: Residential Floor through 1 bedroom / 1 bathroom with private outdoor space, two decorative fireplaces, washer/dryer, dishwasher and a split system AC unit. The bedroom features wood beamed ceilings and exposed brick, and the bathroom features Byzantine Subway tile.
Unit 3: Residential Floor through 1 bedroom / 1 bathroom with private rooftop terrace, two decorative fireplaces, washer/dryer, dishwasher and a split system AC unit. The bedroom features exposed brick and a beautifully finished wood beamed ceiling. The newly renovated bathroom is outfitted with a standing glass shower and Byzantine Subway tile.
Unit 4: Residential Floor through 1 bedroom / 1 bathroom with a private rooftop terrace featuring an outdoor shower, two decorative fireplaces, two skylights, washer/dryer, dishwasher and a split system AC unit. The bedroom features exposed brick, and the newly renovated bathroom features a skylight and is outfitted with Byzantine Subway tile.
As 1 of only 12 townhouses on Downing Street, this distinctive building offers the new owner the ability to generate significant income. Downing Street is a distinctly private one-way enclave and home to Blue Ribbon, Café Clover, Emily, Windrose and stunningly charming carriage homes.
Please email for a full set up and a list of all completed renovations / materials.
Building Details for 21 Downing Street
OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/3
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
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
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