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48 MacDougal Street
Soho, Manhattan | Prince Street & King Street
4,440 Square FeetMixed Use
$7,250,000
$7,250,000
Updated 7 years ago
Off Market

48 MacDougal Street

Soho, Manhattan | Prince Street & King Street

4,440 Square FeetMixed Use

$7,250,000
floors / apts3 / 2
Lot Size20'10"x75'10"
Built Size20'8"x75'
ZoneR7-2
Building TypeTownhouse
RE Taxes$20,295
Price Per SF
$1,633

Building Amenities

  • Voice Intercom

Property Description for 48 MacDougal Street

A three story, mixed-use, walk-up building located on the east side of Macdougal Street between Houston and Prince Streets. The building consists of a ground floor restaurant and two duplex apartments above. The ground floor is leased to Rouge Et Blanc for approximately $9,131/Month, with a lease through 10/31/2019 and a 5 year option to renew. The two duplex apartments have two full bathrooms, with exclusive outdoor space. The units feature large skylights, 20’ ceilings, oversized windows and a separate kitchen with a dishwasher. The property benefits from significantly low property taxes and approximately 995 SF of air rights. The property presents an excellent opportunity for a user to convert the above floors to single family residence while collecting income from the ground floor. Additionally, an investor may look to utilize the long term upside in the retail rents.

Listing History for 48 MacDougal Street

Now
11/19/2015
POM by James P. Nelson
Cushman & Wakefield
04/15/2015
$7,250,000 [-$100,000] [1.4%]
Price Drop by James P. Nelson
Cushman & Wakefield
Load More

Building Details for 48 MacDougal Street

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Spring St
0.1 miles
Houston St
0.16 miles
Prince St
0.33 miles
W 4 St-Wash Sq
0.36 miles
Broadway-Lafayette St
0.36 miles

Citi Bike

MacDougal St & Prince St
0.03 miles
W Broadway & W Houston St
0.13 miles

Contact Agents

Contact Agents

James Nelson
Cushman & Wakefield
Robert Burton
Cushman & Wakefield
David Shalom
Cushman & Wakefield

Soho | Manhattan

Quick Profile

Famous for its art galleries, designer boutiques, cobblestone streets and cast-iron architecture, SoHo has always been full of buzz - wowing both tourists and locals alike. It’s rich with history (more so than most neighborhoods). So, whether you’re a computer nerd, serial shopper or foodie, you’re guaranteed to find something exciting to do in this storied neighborhood.

SoHo is bounded by Houston Street to the north, Canal Street in the south, 6th Avenue to the west and Crosby Street on the east.

The neighborhood has gone through many ups and downs over its long history. Enough to make a voluminous history book. When the Dutch discovered Lower Manhattan, they came across indigenous people living on the island. Technically, the American Indians were the first Manhattanites and then the Dutch moved in making them the second original Manhattanites. 

After the Civil War ended, the west side of Lower Manhattan flourished because the shipping routes changed. Textiles and the need for all types of products increased. Warehouses and large lofts were built and replaced farmland to accommodate the commerce. Many of those buildings are still standing and give SoHo its unique character and charm.

The bustling commerce eventually stopped and in the mid 1800’s, well-to-do families began moving into SoHo. They built exquisite buildings, many of which are characterized by their cast-iron facades. Soon after it became residential, theatres, music halls and eateries followed. The wealthy eventually left and the once prosperous district began another decline.  

The 1960’s marks SoHo’s most definitive period. City planners lost their bid to build a major highway that would level a portion of the neighborhood and many historic buildings. After their failed attempt to revitalize SoHo, artists quickly moved into the empty lofts and warehouses. Some legally, and other move-ins, not so legal. The city turned a blind eye. Artists of all mediums working from their new creative spaces created a ripple in the art scene. It was such a ripple that the well-to-do uptown crowd started buying their art and hanging out with them. The uptown folks eventually moved into the neighborhood and began buying up the lofts and warehouses. As soon as the word spread, up went the property values and the rest is history. 

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Featured on the Linecity Blog

The MEDIAN

Manhattan | November 2022

According to New York City records, the median price for an apartment in Manhattan for the month of November 2022 was $1,125,000.  The price represents an increase of 7.1% from the median price of $1,050,000 recorded in November 2021. The number of apartment sales dropped dramatically from 1109 to 855 reflecting a year-over-year decrease o...

posted on December 30, 2022
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: 55444TH
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