Greenwich Village Retail and Development Site w/over 150 ft of Frontage on Ave of the Americas
Market Price
387-401 Avenue of the Americas, New York, NY 10014
6.4
Cap Rate
1,603,603
NOI
Details:
Description:
Kassin Sabbagh Realty (KSR) has been retained exclusively to market the sale of 387-401 Avenue of the Americas. The property offers a unique blend of retail and residential spaces, totaling 25,517 square feet across five lots (150 feet of frontage on Sixth Avenue).
Greenwich Village is renowned for its vibrant atmosphere, rich cultural heritage, and convenient access to mass transit, including several subway lines like A, B, C, D, E, F, 6, N, and R, which provide excellent connectivity throughout Manhattan.
The neighborhood’s charm lies in its eclectic mix of residents, picturesque streets, and historic landmarks such as the Stonewall Inn and NYU’s Tisch School of the Arts. With a lively nightlife scene, diverse dining options, and proximity to attractions like Washington Square Park and SoHo, Greenwich Village remains a sought-after destination for both locals and visitors. Its bohemian spirit continues to thrive, fostering an environment conducive to creativity and self-expression.
An excellent opportunity in acquiring or investing in prime real estate with rich cultural and commercial potential, these units offer a compelling opportunity in one of New York City’s most iconic neighborhoods.
Documents:
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Offering Memorandum
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Location
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