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422 Hudson St
New York, NY 10014
Retail Property For Sale
Investment Highlights
- 100% free market West Village Income Asset.
- Close to major HQs - Google, Facebook, Disney.
- Building wide renovation and new roof substantially reduce capital expenditure in the near term.
Executive Summary
Proforma Cap Rate 5.11%, $710,465.40 Gross Rent (in-place), Property is fully leased.
Institutional-quality West Village Income Asset, Long-term Retail Lease (2032), Quality Tenant, 100% Free Market
422 Hudson Street is a stabilized core-plus mixed-use asset offering secure in-place income, contractual rent growth, and fully free-market residential exposure within the West Village. Originally built in 1875 and recently renovated — including a new roof and comprehensive building upgrades — the landmarked four-story property delivers durable cash flow with embedded upside at residential lease rollover. Anchored by long-term retail tenant Lelabar through 2032 with annual rent escalations, the property offers investors a stabilized income profile within a premier downtown Manhattan location.
Institutional-quality West Village Income Asset, Long-term Retail Lease (2032), Quality Tenant, 100% Free Market
422 Hudson Street is a stabilized core-plus mixed-use asset offering secure in-place income, contractual rent growth, and fully free-market residential exposure within the West Village. Originally built in 1875 and recently renovated — including a new roof and comprehensive building upgrades — the landmarked four-story property delivers durable cash flow with embedded upside at residential lease rollover. Anchored by long-term retail tenant Lelabar through 2032 with annual rent escalations, the property offers investors a stabilized income profile within a premier downtown Manhattan location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,480 SF
Building Class
C
Year Built/Renovated
1875/2025
Price
$15,379,313 CAD
Price Per SF
$2,806.44 CAD
Cap Rate
5.11%
NOI
$785,883 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.93
Lot Size
0.03 AC
Zoning
C1-6 - Commercial district predominantly residential in character
Frontage
Amenities
- Bus Line
Property Taxes
| Parcel Number | 0583-0002 | Improvements Assessment | $1,138,930 CAD |
| Land Assessment | $123,035 CAD | Total Assessment | $1,261,965 CAD |
Property Taxes
Parcel Number
0583-0002
Land Assessment
$123,035 CAD
Improvements Assessment
$1,138,930 CAD
Total Assessment
$1,261,965 CAD
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