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231 Sullivan St 5 Unit Apartment Building $7,300,000 ($1,460,000/Unit) New York, NY 10012
INVESTMENT HIGHLIGHTS
- Meticulously Renovated
- Strong Retail Tenancy
- Tax Class 2A Protected
- Prime Greenwich Village Location
- 100% Free Market
- Proximity to A/C/E/B/D/F/M and PATH Trains
EXECUTIVE SUMMARY
Avison Young, as exclusive agent, is pleased to present the rare opportunity to acquire 231 Sullivan Street (the “Property”), a meticulously renovated five-story mixed-use building located in the heart of Greenwich Village, one of Manhattan’s most iconic and enduringly desirable neighborhoods.
Ideally positioned along Sullivan Street between West 3rd Street and Bleecker Street, the Property offers 15 feet of prime frontage with immediate access to a rich array of cultural, culinary, and lifestyle destinations. Just steps from Washington Square Park, SoHo, and the West Village, the Property is situated in a true trophy location characterized by exceptional residential demand, stable occupancy, and sustained rent growth.
Ideally positioned along Sullivan Street between West 3rd Street and Bleecker Street, the Property offers 15 feet of prime frontage with immediate access to a rich array of cultural, culinary, and lifestyle destinations. Just steps from Washington Square Park, SoHo, and the West Village, the Property is situated in a true trophy location characterized by exceptional residential demand, stable occupancy, and sustained rent growth.
PROPERTY FACTS
| Price | $7,300,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $1,460,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| No. Units | 5 | Building Size | 5,105 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | R7-2, C1-5 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. 7-2 has less parking requirements. | ||
| Price | $7,300,000 |
| Price Per Unit | $1,460,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 5,105 SF |
| No. Stories | 5 |
| Year Built | 1900 |
| Zoning | R7-2, C1-5 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. 7-2 has less parking requirements. |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 0539-0012 | Improvements Assessment | $294,900 |
| Land Assessment | $44,153 | Total Assessment | $339,053 |
PROPERTY TAXES
Parcel Number
0539-0012
Land Assessment
$44,153
Improvements Assessment
$294,900
Total Assessment
$339,053
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231 Sullivan St
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