$3,750,000
Updated 11 years ago
Off Market

86 Bedford Street

West Village, Manhattan | Grove Street & Barrow Street

Development Site

$3,750,000
floors / apts3 / 1
Lot Size24'x67'
Built Size20'x68'
ZoneR6
Building TypeLow-Rise

Building Amenities

  • Voice Intercom

Property Description for 86 Bedford Street

> This historic three story property is located on a prime West Village block and contains the famous speakeasy Chumley's, as well as three residential units. > Chumley's is a Greenwich Village institution, claiming to be the oldest speakeasy in the country to retain its original ambiance. > The restaurant remains a permanent fixture in the neighborhood year after year, drawing a crowd every night. > The current lease extends until 2086 with 3% annual increases. > There is a real estate tax pass-through of 15% over base year 1987, but the tenant is not currently paying. > Of the residential units above it, two are free market and one is occupied by a RS tenant. > Given the location and the nature of its tenancy, this property would be a superb long-term investment. > The property does have potential structural issues, as the facade is in disrepair.

Listing History for 86 Bedford Street

Now
01/05/2009
POM by James P. Nelson
Cushman & Wakefield
2009

Building Details for 86 Bedford Street

OwnershipDevelopment Site
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1890
Floors/Apts3/1
Learn More About the Building

Transit and Citi Bike

Subway

Christopher St-Stonewall
0.15 miles
W 4 St-Wash Sq
0.24 miles
Houston St
0.27 miles
Spring St
0.41 miles
14 St
0.47 miles

Citi Bike

7 Ave S & Bleecker St
0.07 miles
Barrow St & Hudson St
0.09 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: 27327TH