271 Bleecker St
New York, NY 10014
Retail Property For Sale

271 Bleecker Street presents a rare opportunity to acquire a fully stabilized mixed-use asset in the heart of Manhattan’s iconic West Village, one of the most supply-constrained and historically protected neighborhoods in the United States. Set along the celebrated Bleecker Street corridor, the property benefits from exceptional pedestrian visibility, immediate access to luxury retail foot traffic, and enduring residential demand that consistently outperforms citywide averages.
Built in 1836, this three-story building combines historic West Village character with dependable modern income streams. The asset features a ground-floor retail space leased through 2026 and an expansive free-market residential duplex above, also leased through 2026. Together they generate strong in-place cash flow with an NOI of $261,782, supported by a diversified revenue mix and predictable operating profile.
The property’s Tax Class 1 designation ensures capped assessment growth, enhancing long-term value preservation. Investors also benefit from approximately 1,146 square feet of unused air rights, offering future expansion potential in a submarket where new development is extremely limited. More than 80% of the West Village is landmarked, and supply growth averages fewer than 100 units per year, creating structural insulation from competitive pressure.
Surrounded by boutique retail, acclaimed dining, and classic brownstone blocks, 271 Bleecker sits within one of Manhattan’s tightest rental markets, where vacancy hovers near 2.3% and rents continue to exceed metro and national averages. With strong private-sector employment growth, elevated ownership costs, and sustained renter preference for walkable, character-rich neighborhoods, the West Village remains a magnet for long-term capital.
For investors seeking a stable, appreciating, and historically anchored Manhattan asset, 271 Bleecker Street offers a compelling blend of current income, optionality, and unmatched location fundamentals in one of New York City’s most coveted enclaves.