This location is one of the most coveted in the village area; it contains many historic co-ops and townhouses. This street is quiet as compared to Sixth avenue and has an active and effective block association which has restored much of the aesthetic of the neighborhood (victorian-style street lamps, tree basins, seasonal plantings) and eliminated noise, crime and development in the neighborhood.
Due to these restorations and the beautiful architecture, many call this neighborhood the Gold Coast. The individual historic-designated townhouses, meticulously maintained seasonal plantings and trees, and victorian style surroundings make the Gold Coast the most quaint and enchanting neighborhood in Greenwich Village.
Although Washington Square park is regarded as the heart of the neighborhood there are also many other, smaller parks contributing to the aesthetic: Father Fagan, Minetta Triangle, Petrosino Square, Little Red Square, and Time Landscape. There are also many nearby playgrounds including : Desalvio, Minetta, Thompson Street, Bleecker Street, Downing Street, Mercer Street, Cpl. John A. Seravelli, and William Passannante Ballfield.
Prime Greenwich Village Lower Fifth Avenue great income producing best location in the village also known as golden Triangle area.
Ground floor three doctors office income $6,300 per month total of $75,600 per year
First floor four doctors offices total income of $8,400 per month total of $100,800
2nd floor two studio apartments total income of $6393 per month total of $76,740
3rd floor two studio apartments total income of $5990 per month total of 71,880
4th floor Large one bedroom with an income of $6,000 per month total of $72,000
Total income of $409,020,000 per year
This town home produces a cap rate of about 5%.
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.