194 West 10th Street

New York, NY

Download Offering Memorandum

Overview

Summary

  • Building Size 11,328 SF
  • Number of Units 13
  • Asking Price $12,450,000

Avison Young, as the exclusive agent, is pleased to offer for sale 194 West 10th Street (the “Property”), a 25’-wide, five-story walk-up property located in the heart of the West Village. Situated on the south side of West 10th Street between Bleecker and West 4th Streets, the Property encompasses approximately 11,328 total gross square feet across thirteen (13) residential units, of which ten (10) are free-market, one (1) is rent-stabilized, and two (2) are rent-controlled. Both rent-controlled units can be renovated and brought to market rent upon vacancy. Of the thirteen (13) residential units, two (2) are ground-floor studios, one (1) is a duplex two-bedroom, and ten (10) are two-bedroom, two-bathroom units. All of the free-market units and common areas have been meticulously gut-renovated, featuring imported hardwood floors, stunning exposed brick, new stainless steel appliances, marble bathrooms, central air, and in-unit washers and dryers.

Investment Highlights

Meticulously gut-renovated with condo-quality finishes

77% free-market units

Centrally located in the heart of the West Village
Strong cash flow with further value-add potential in rent-controlled units

Immediate access to transportation (1 / A / C / E / B / D / F / M / PATH)

Team

David Shalom

David Shalom

Director
Avison Young - US - NY - New York
718 581 4629
Ed Nelson

Ed Nelson

Senior Associate
Avison Young - US - NY - New York
703 887 4887
Kyle Sabath

Kyle Sabath

Senior Associate
Avison Young - US - NY - New York
212 729 6279