$5,950,000
Updated 11 years ago
Sold

40 Morton Street

West Village, Manhattan | Seventh Ave South & Hudson Street

9,145 Square FeetMulti-Family

$5,950,000
floors / apts5 / 15
Lot Size24'x96'5"
Built Size25'x84'
ZoneR6
Building TypeLow-Rise
Price Per SF
$651

This property was sold for $5,435,000 on 07/19/12.

Building Amenities

  • Voice Intercom

Property Description for 40 Morton Street

The property is a five-story, walk-up apartment building which consists of fifteen (15) residential units and one (1) lower level storage space with a half bathroom. The residential units are configured as five (5) one-bedrooms and ten (10) two-bedroom apartments. Fourteen (14) of the apartments are rent stabilized and one (1) apartment is rent controlled.
There is significant upside in the property, as half of the units are currently rented for under $1,300 per month. There is also a J51 abatement in place on the property.
Located in the highly desirable Greenwich Village neighborhood, the property lies on a treelined street and is within direct walking distance to multiple downtown destinations and attractions.

Listing History for 40 Morton Street

Now
07/31/2012
$5,435,000
Sold and Closed by James P. Nelson
Cushman & Wakefield
07/31/2012
POM by James P. Nelson
Cushman & Wakefield

Building Details for 40 Morton Street

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts5/15
Learn More About the Building

Transit and Citi Bike

Subway

Houston St
0.17 miles
Christopher St-Stonewall
0.23 miles
W 4 St-Wash Sq
0.28 miles
Spring St
0.32 miles

Citi Bike

Barrow St & Hudson St
0.1 miles
7 Ave S & Bleecker St
0.14 miles

Contact Agents

Contact Agents

James Nelson
Cushman & Wakefield
Caroline Hannigan
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: 43044TH