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159 Bleecker St 25 Unit Apartment Building $40,000,000 ($1,600,000/Unit) 5.50% Cap Rate New York, NY 10012
INVESTMENT HIGHLIGHTS
- Situated in Greenwich Village, one of NYC’s most iconic neighborhoods.
- Surrounded by top-tier dining, retail, and entertainment.
- Steps from Washington Square Park and NYU.
- Excellent transit access (Walk Score: 100, Transit Score: 100, Bike Score: 96).
EXECUTIVE SUMMARY
Wingate Advisors is pleased to present for sale
159-161 Bleecker Street, a 30,295 net rentable square foot mixed- use building. Greenwich Village is one of the most prestigious neighborhoods in the world and serves as New York City’s cultural epicenter. Anchored by Washington Square Park and New York University’s expansive campus, the neighborhood offers premier dining, retail, and entertainment options and has long attracted significant demand from investors and residents alike.
The Property, benefiting from 50’ of frontage along Bleecker Street, features 8,439 square feet of prime retail across the ground, lower level, and mezzanine levels, office space on the balance of the mezzanine and second floor levels, and 20 luxury free market residential apartments on the second through eighth floors. The Offering has a projected Net Operating Income of
$2.25 million providing investors with significant cash flow with contractual rental increases. please contact me for a private tour Ariel@wingaterei.com or 646-982-5856
159-161 Bleecker Street, a 30,295 net rentable square foot mixed- use building. Greenwich Village is one of the most prestigious neighborhoods in the world and serves as New York City’s cultural epicenter. Anchored by Washington Square Park and New York University’s expansive campus, the neighborhood offers premier dining, retail, and entertainment options and has long attracted significant demand from investors and residents alike.
The Property, benefiting from 50’ of frontage along Bleecker Street, features 8,439 square feet of prime retail across the ground, lower level, and mezzanine levels, office space on the balance of the mezzanine and second floor levels, and 20 luxury free market residential apartments on the second through eighth floors. The Offering has a projected Net Operating Income of
$2.25 million providing investors with significant cash flow with contractual rental increases. please contact me for a private tour Ariel@wingaterei.com or 646-982-5856
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $40,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $1,600,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.50% | Building Size | 30,295 SF |
| No. Units | 25 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 8 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2006 |
| Zoning | R7-2, New York (J1) - High Density Residential | ||
| Price | $40,000,000 |
| Price Per Unit | $1,600,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 30,295 SF |
| Average Occupancy | 100% |
| No. Stories | 8 |
| Year Built/Renovated | 1920/2006 |
| Zoning | R7-2, New York (J1) - High Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 650 |
| 1+2 | 5 | - | 1,134 |
| 2+1.5 | 5 | - | 1,134 |
| 2+2 | 7 | - | 1,134 |
| 3+2 | 3 | - | 1,134 |
| 4+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 0539-0037 | Improvements Assessment | $5,154,660 (2025) |
| Land Assessment | $405,000 (2025) | Total Assessment | $5,559,660 (2025) |
PROPERTY TAXES
Parcel Number
0539-0037
Land Assessment
$405,000 (2025)
Improvements Assessment
$5,154,660 (2025)
Total Assessment
$5,559,660 (2025)
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159 Bleecker St
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