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459 Washington St
New York, NY 10013
The John Watts · Multifamily Property For Sale · 12 Units

Investment Highlights

  • Exposed brick walls
  • New Hvac
  • Reasl estate Taxes : $66300/Year
  • 17 feet ceilings
  • Common Charges: 2535/month
  • Cast iron coloumns

Executive Summary

Hudson Square area is genuinely the investor's gem in the city. Given the limited availability of Retail Space for sale in TriBeCa & Hudson Square, especially with such a prestigious address, investment possibilities are looking very strong with The John Watts Condominium. The Condominium Stores at 459 Washington Street, also known as "The John Watts Condominium," is on the market. The layout of The John Watts Condominium is open but unique, with classic cast-iron details and a brick wall feature. With a real TriBeCa sensibility down to the storefront stairs, molding, and cobblestone street — Currently subdivided into two storefront galleries, the 4,000 SF -17feet ceiling space could be combined or arranged so that one is for private use and the other is an income property for the new owner. The significant street frontage is also notable: perfect for showcasing art, designer boutique displays, or aesthetically enticing inventory. The owner will also have access to a private roof garden for the unit owners. No Food-Cooking Can not sell separately Beyond its beauty, the location in the hot creative hub of Hudson Square gives it an address for success. The influx of hotels, such as the Arlo and the Hugo Hotel, indicates the area's need to accommodate tourists and business people. New Yorkers continue to flock to this area, given its proximity to the Hudson River Park. The area is a favorite for in-the-know Manhattanites and newcomers looking for some respite amongst Downtown's bustling business mindset. Sophisticated residents of this neighborhood include East Coast outposts of Hollywood celebrities, the Wall Street elite, and internationally renowned art collectors. In other words, any business that opens its doors amongst such well-seasoned tastemakers is sure to gain recognition for its endeavors. The new developments in this area feature big-name expansions: namely Google's proximity to this property, not to mention Disney's Headquarters at 4 Hudson Square

Property Facts

No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • Flex Showroom
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class B
Lot Size 0.12 AC
Building Size 36,048 SF
No. Stories 7
Year Built 1999
APN / Parcel ID
0595-1201
  • 0595-1202
  • 0595-1203
  • 0595-1204
  • 0595-1205
  • 0595-1206
  • 0595-1207
  • 0595-1208
  • 0595-1209
  • 0595-1210
  • 0595-1211
  • 0595-1212
  • 0595-1213
Zoning M1-5 - Light industrial with offices, hotels, and most retail uses permitted

Amenities

Site Amenities

  • Security System
  • Roof Terrace
  • Storage Space
  • Listing ID: 26006155

  • Date on Market: 6/23/2022

  • Last Updated:

  • Address: 459 Washington St, New York, NY 10013

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