$11,950,000
Updated 11 years ago
Sold

143-145 West 4th Street

Greenwich Village, Manhattan | MacDougal Street & Ave of the Americas

Income Property

$11,950,000
floors / apts6 / 26
Building TypeLow-Rise

Building Amenities

  • Voice Intercom

Property Description for 143-145 West 4th Street

A pair of Transitional Style, 6 story plus lower level walk-up buildings, between 6th Avenue and MacDougal Street only a 1/2 block to Washington Square Park in the heart of Greenwich Village. The buildings consist of 26 units with 15 one-bedrooms, 9 two-bedrooms, 1 three-bedroom and 1 four-bedroom apartment. There are 6 rent stabilized apartments, which have an average rent of $969/month. The average rent per SF for the building is $45/SF, which is almost half of market. This is an excellent opportunity for an investor looking for strong in-place cash flow and long term upside in the below market rent stabilized rents. Massey Knakal is also selling on behalf of ownership 285 West 12th Street and 121 West 92nd Street for $5,950,000 and $4,500,000 respectively.

Listing History for 143-145 West 4th Street

Now
08/15/2012
$11,950,000
Sold and Closed by James P. Nelson
Cushman & Wakefield
07/31/2012
POM by James P. Nelson
Cushman & Wakefield

Building Details for 143-145 West 4th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AccessWalk-up
Floors/Apts6/26
Learn More About the Building

Transit and Citi Bike

Subway

W 4 St-Wash Sq
0.06 miles
Christopher St-Stonewall
0.19 miles
Houston St
0.34 miles
Spring St
0.4 miles
8 St-NYU
0.41 miles

Citi Bike

Washington Pl & 6 Ave
0.05 miles
Sullivan St & Washington Sq
0.1 miles

Contact Agents

Contact Agents

James Nelson
Cushman & Wakefield
Mitchell Levine
Cushman & Wakefield
Caroline Hannigan
Cushman & Wakefield

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: 41799TH