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514-516 Hudson St
New York, NY 10014
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Offered for sale for the first time in 40 years.
- Ground-floor retail units are 100% leased.
- Offers significant mark-to-market potential through a majority free-market residential unit mix.
- Located in a highly prestigious, supply-constrained neighborhood.
- Weighted average retail lease term is over six years.
- Includes substantial unused air rights for future expansion potential.
Executive Summary
Meridian Investment Sales is pleased to present for sale 514-516 Hudson Street (the "Property"), a mixed-use asset located along one of the most coveted corridors in Manhattan's West Village. Positioned between West 10th and Charles Streets, the Property spans 4,315 square feet of land and is improved with a 8,735 rentable square foot building comprised of two ground-floor retail units and eleven residential units, including eight free-market apartments and three rent-stabilized units. The property also boasts a free standing residential carriage house, as well as a back courtyard.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 11 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 7,106 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1905 |
| Zoning | C1-6 - Commercial district predominantly residential in character | ||
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 7,106 SF |
| No. Stories | 4 |
| Year Built | 1905 |
| Zoning | C1-6 - Commercial district predominantly residential in character |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- On-Site Retail
- Smoke Free
- Vintage Building
- Walk-Up
- Smoke Detector
- Awning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
Property Taxes
| Parcel Number | 0619-0007 | Improvements Assessment | $1,458,920 CAD |
| Land Assessment | $495,936 CAD | Total Assessment | $1,954,856 CAD |
Property Taxes
Parcel Number
0619-0007
Land Assessment
$495,936 CAD
Improvements Assessment
$1,458,920 CAD
Total Assessment
$1,954,856 CAD
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