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43 West 8th Street, New York, NY, 10011

43 West 8th Street
$11,650,000

Key Information

$ per SF
$1,667
Tot. SF
6,988
Units
8
Type
Mixed Use
Occupancy
100%
NOI
$645,335

Highlights

Substantial Rehab / 100% Free Market
The property underwent a substantial renovation following condemnation from the city, providing an opportunity for ownership to deregulate the property and achieve market rents throughout. All mechanicals, fixtures, appliances, and finishes are under one year old.

Tax Class 2B
Tax class protected property with 89% of the assessment allocated to improvements and 11% towards the land.

Location! Location! Location!
Located in the heart of Greenwich Village just steps from Washington Square Park, NYU, transportation and the West Village. Prime young professional location, driving rents. West 8th Street is undergoing a renaissance, with new luxury construction and popular restaurants and cafes lining the block.

Luxury Turn-Key Opportunity
43 West 8th Street offers investors strong revenue from new retail leases. 100% free market units, and a fully renovated property in one of the city’s strongest rental markets. Rental demand is driven by the location and high-end renovations which include washer & dryer and dedicated heating & cooling packages in each unit.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017