541 Hudson Street

Rarely available mixed-use 20-foot-wide townhouse in the heart of West Village and Greenwich Village Historic District. This stunning townhome has an income-producing commercial space and two separate residential units with the potential to combine into an unparalleled single-family home. The residential portion of the home will be delivered vacant and the retail space can be delivered with an income producing tenant or vacant with 12 months' notice. The property has an additional 1,400/sqft of unused air rights allowing the purchaser to increase the size. An ideal 1031 exchange purchase. The townhouse as currently configured has street level retail space (rent rate $7,554/month) and a large, quiet and gorgeous private garden in the back for residential use. There is a one bedroom floor-through apartment on the second floor (rent rate approximately $7,150/month), and a top-level duplex apartment (rent rate approximately $13,000-13,500/month) with dramatic double-height wood beamed ceilings. Yearly net income is approximately $333,000 with full occupancy. Cap rate is approximately 4%. Contact us for detailed Income and Expense Report. Setup: The basement level has two laundry areas, storage space, wine cellar, and a separate recreation room with a bathroom and wood burning fireplace. The street level commercial space is occupied by an established high-end flower shop with potential to increase income over time. The ground floor residential entry leads directly to a large private garden that is serviced by a custom stainless-steel kitchenette. This wonderful garden can also be accessed from each residential floor by way of outdoor terraces and staircases. The parlor level is a recently renovated floor through one bedroom one bath apartment with high ceilings, a working wood burning fire place, oversized east and west facing windows, as well as an idyllic terrace perched over the rear garden off the bedroom. This is a perfect income producing apartment. The top loft duplex boasts soaring double height ceilings with a wall of east and west facing windows providing stunning natural light and views over quaint townhouses, trees, and open sky. This beautiful one bedroom, one and half bath apartment features a working wood burning fireplace, a charming open kitchen and a separate dining room facing over a private terrace and garden below. Upstairs you will find a bedroom with a fireplace, full bathroom, walk-in closet and a separate landing perched over the double height living room. This extra sitting area creates a dramatic vantage of this wonderful loft home.