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684 Greenwich St 6 Unit Apartment Building $23,345,405 CAD ($3,890,901 CAD/Unit) New York, NY 10014
EXECUTIVE SUMMARY
JLL has been retained on an exclusive basis to arrange for
the sale of 684 Greenwich Street (a.k.a 143-147 Christopher
Street) - two contiguous, mixed-use, walk-up buildings
located on the northwest corner of Greenwich and
Christopher Streets. Comprised of approximately 6,908 gross
sq. ft. in the heart of the West Village, the tax class protected,
100% Free Market buildings are currently configured as 5
apartments over 2 commercial spaces. The buildings are
fully occupied and are being offered for sale following an
extensive ~$2.5M gut renovation
The residential units consist of three 3-Bed / 2-Bath
apartments in 147 Christopher Street and two 3-Bed / 1.5-
Bath apartments in 684 Greenwich Street. The five apartments
are leased for an average of $10,073/month. All units have
been renovated to include stainless steel appliances, in-unit
washer/dryers and individual HVAC systems.
The commercial space is anchored by Libertine, a high
end, 46 seat French bistro. Libertine occupies 1,812 sq.
ft above grade and is on a lease expiring in June of 2034
(Lease negotiated September of 2021 at COVID Rates).
Ownership recently expanded and modernized Libertine’s
space which included excavation of the basement to allow
for cooking, meal preparation and storage. The smaller retail
space in 147 Christopher is occupied by Pinery Cleaners
(drop-off only) which has a lease in place until March of
2032. The retail tenants offer a combined ~8 years of WALT
providing purchasers with steady income for years to come
The property benefits from 94’ of wraparound corner
frontage with two exposures in Manhattan’s West Village -
one of the most desirable and dynamic neighborhoods in
New York City. The corner location provides for quality light
and air, efficient apartment layouts and increased visibility
for retail tenants.
684 Greenwich represents an attractive opportunity to own
a fully Free Market, tax class protected corner property in
the most desirable neighborhood in New York City. Buyers
will benefit from high quality, turn-key renovations, tax class
protected status, stabilized retail, and operational efficiencies
due to individual heating and cooling systems - all of which
will lead to future rent growth and appreciation.
The property will be sold on an as-is, where-is basis.
the sale of 684 Greenwich Street (a.k.a 143-147 Christopher
Street) - two contiguous, mixed-use, walk-up buildings
located on the northwest corner of Greenwich and
Christopher Streets. Comprised of approximately 6,908 gross
sq. ft. in the heart of the West Village, the tax class protected,
100% Free Market buildings are currently configured as 5
apartments over 2 commercial spaces. The buildings are
fully occupied and are being offered for sale following an
extensive ~$2.5M gut renovation
The residential units consist of three 3-Bed / 2-Bath
apartments in 147 Christopher Street and two 3-Bed / 1.5-
Bath apartments in 684 Greenwich Street. The five apartments
are leased for an average of $10,073/month. All units have
been renovated to include stainless steel appliances, in-unit
washer/dryers and individual HVAC systems.
The commercial space is anchored by Libertine, a high
end, 46 seat French bistro. Libertine occupies 1,812 sq.
ft above grade and is on a lease expiring in June of 2034
(Lease negotiated September of 2021 at COVID Rates).
Ownership recently expanded and modernized Libertine’s
space which included excavation of the basement to allow
for cooking, meal preparation and storage. The smaller retail
space in 147 Christopher is occupied by Pinery Cleaners
(drop-off only) which has a lease in place until March of
2032. The retail tenants offer a combined ~8 years of WALT
providing purchasers with steady income for years to come
The property benefits from 94’ of wraparound corner
frontage with two exposures in Manhattan’s West Village -
one of the most desirable and dynamic neighborhoods in
New York City. The corner location provides for quality light
and air, efficient apartment layouts and increased visibility
for retail tenants.
684 Greenwich represents an attractive opportunity to own
a fully Free Market, tax class protected corner property in
the most desirable neighborhood in New York City. Buyers
will benefit from high quality, turn-key renovations, tax class
protected status, stabilized retail, and operational efficiencies
due to individual heating and cooling systems - all of which
will lead to future rent growth and appreciation.
The property will be sold on an as-is, where-is basis.
PROPERTY FACTS
| Price | $23,345,405 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $3,890,901 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 6 | Building Size | 4,875 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | R6 - Retail Residential | ||
| Price | $23,345,405 CAD |
| Price Per Unit | $3,890,901 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,875 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | R6 - Retail Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 0630-0024 | Improvements Assessment | $567,431 CAD |
| Land Assessment | $283,616 CAD | Total Assessment | $851,046 CAD |
PROPERTY TAXES
Parcel Number
0630-0024
Land Assessment
$283,616 CAD
Improvements Assessment
$567,431 CAD
Total Assessment
$851,046 CAD
CONTACTS
-
Jonathan Hageman -
Hall Oster -
Teddy Galligan -
Clint Olsen -
Conrad Martin -
Braedon Gait -
Logan Boenning -
JLL
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684 Greenwich St
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