$47,500,000
Updated 10 years ago
Off Market

201-211 West 11th Street

West Village, Manhattan | Greenwich Ave & Waverly Place

Mixed Use

$47,500,000
floors / apts6 / 71
ZoneC2-6 (
Building TypeLow-Rise

Building Amenities

  • Voice Intercom
  • Elevator

Property Description for 201-211 West 11th Street

> In the heart of the Greenwich Village historical district, these two apartment buildings are located on a prominent corner on Seventh Avenue, Greenwich Avenue, and West 11th Street. > The corner building is elevatored, while the other is a walkup property. The buildings consist of 66 residential apartments (plus the super's apartment), 5 retail stores, and 3 wireless antennas. > Among the apartments, there are 40 FM units, 18 RS units, 6 RC units, and 3 vacant units. > The properties are comprised of 29 one bedroom units, 26 two bedroom units, 10 Jr. > 4 units and 2 studios. > There is upside in existing monthly rents which average $2,717 or $54 per net sq. Ft. > Fair market rents account for 82% of the total residential income with an average rent of $70 per net sq. ft., while rent regulated rents account for 18% and $28 per net sq. Ft. > Additional upside exists in the current retail rents, which average $203 per square foot.

Listing History for 201-211 West 11th Street

Now
04/10/2009
POM by James P. Nelson
Cushman & Wakefield
2009

Building Details for 201-211 West 11th Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AccessElevator
Floors/Apts6/71
Learn More About the Building

Transit and Citi Bike

Subway

14 St
0.1 miles
8 Av
0.23 miles
Christopher St-Stonewall
0.23 miles
6 Av
0.24 miles
W 4 St-Wash Sq
0.3 miles

Citi Bike

Perry St & Greenwich Ave
0.05 miles
Greenwich Ave & Charles St
0.11 miles

Contact Agent

Contact Agent

James Nelson
Cushman & Wakefield

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: 28009TH