355 Bleecker Street

West Village

$8,950,000
Price
4
Beds
4
Baths
2
1/2 Baths
4,275 Sq. Ft.
$2,094 / Sq. Ft.
4,275
Sq. Ft.
$2,094
per Sq. Ft.

Description

355 Bleecker Street, a 3-story mixed-use building located in the West Village neighborhood of Manhattan, has been immaculately well-maintained by its current owner. The building was gutted down to its shell and completely renovated in 2006. All HVAC, plumbing and electrical systems were replaced as well during that time. The building is built 90 feet deep on each floor, creating expansive commercial and living spaces.

Investment Opportunity
The building’s central location in the West Village, surrounded
...355 Bleecker Street, a 3-story mixed-use building located in the West Village neighborhood of Manhattan, has been immaculately well-maintained by its current owner. The building was gutted down to its shell and completely renovated in 2006. All HVAC, plumbing and electrical systems were replaced as well during that time. The building is built 90 feet deep on each floor, creating expansive commercial and living spaces.


Investment Opportunity
The building’s central location in the West Village, surrounded by numerous retail stores, restaurants and bars; and its close proximity to public transportation, makes it a stellar residential and commercial investment. The commercial space appeals to a variety of retail, showroom and gallery uses; and attracts digital brands that are similar to the others who have recently been moving in on Bleecker Street to benefit from a physical presence in the neighborhood. The residential units appeal to high net-worth individuals and professionals, including tech company executives who are looking for an easy commute to nearby offices. Google, Amazon, Apple, Facebook, Netflix and Disney have a large presence and/or are expanding in Midtown and Downtown Manhattan. The residential apartments were last renovated in 2006, and although they have been well-maintained, they will command more in rent once renovated with more modern finishes and appliances. In today’s world, people are looking to live in larger apartments with space to work, exercise, cook and relax. The apartments at 355 Bleecker Street are each over 1,200 square feet. In addition, tenants are willing to pay a premium for a nice outdoor space, especially one that’s private. This building has about 1,600 square feet of air rights that can be used to build a nice, large roof deck (the building is built 90 feet deep from the ground floor to the roof). Investors have the opportunity to capitalize on this demand in a neighborhood that will command high premiums in rent.


Owner/Occupant Opportunity
355 Bleecker Street offers the perfect opportunity for those who want to occupy a portion or all of the building. The retail unit will be delivered vacant, allowing for immediate move-in of an owner/operator. In addition, an owner/operator can create a dream home on the top two floors. There’s the opportunity to create a large duplex home and even add a large roof deck for private outdoor space. If you’re looking to live in/operate from just one unit and lease out the rest, 355 Bleecker Street offers the opportunity for that as well.


In conclusion, 355 Bleecker Street presents a compelling acquisition opportunity for both, investors and owner/occupants alike. The building offers a variety of opportunities for those looking to own a very well-positioned building in one of Manhattan’s most desirable neighborhoods.


Apartment Description & Layouts (Detailed Floor Plans Available Upon Request)
The apartments are very large, floor-through 2-bedroom 2-bathroom apartments that benefit from a tremendous amount of sunlight from windows in each room on 3 sides of the building. The layout of the apartments are as follows: When you first walk in, you step into the hallway of the apartment. To the right is the living room, and beyond that is the master bedroom with an en-suite bathroom and walk-in closet. Starting back at the entry door but this time turning left towards the back of the building, you’ll find the second bedroom and the guest bathroom to the right of the hallway. After passing those, you’ll make your way to the dining room, then to the large, full-sized kitchen in the back of the apartment. In the kitchen, there’s a closet that houses the washer and dryer. Each apartment has the same layout, but the apartment on the third floor has a larger living room and master bathroom since it doesn’t have the common stairway that the second floor has.


Commercial Unit Description & Layout (Detailed Floor Plans Available Upon Request)
The ground-level retail unit is approximately 1,400 square feet and has 12 feet of frontage on a prime retail block in the heart of the West Village. The space features exposed brick walls, hardwood floors and an extensive lighting system throughout. As you continue towards the back of the unit, the space widens to the full width of the building. There’s storage located in the very back of the space, as well as in the basement. Ledbury, a men’s apparel brand, was the most recent occupant of the unit. The tenant renovated the interior at the end of 2019. Steve Madden was the tenant prior to that. Both tenants took great care of the unit and left it in excellent condition.

Listing Agent

  1. Udi Eliasi

    Udi Eliasi

    Listing Agent

    Compass

    udi@compass.com

    P: 646.382.7378

Amenities

  • Walk Up
  • Laundry in Building
  • Voice Intercom
  • Full Basement
  • Lowrise

Location

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LISTING UPDATED: 08/27/2020 08:15 PM

Property Details for 355 Bleecker Street

StatusTemporarily Off Market
Days on Market130
Taxes$6,016 / month
Maintenance-
Min. Down Pymt-
Total Rooms15.0
Compass TypeTownhouse
MLS TypeSingle Family
Year Built1900
Lot Size1,700 SF / 17' x 100'
CountyNew York County

Building

355 Bleecker St

3 Units3 StoriesBuilt in 1900

Location

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Virtual Tour

Building Information for 355 Bleecker Street

Stories3Year Built1900Building Size17' x 86'Building Sq. Ft4,386 SFLot Size1,700 SF / 17' x 100'Building AgePre-warBuilding TypeTownhouseSenior Community-

Payment Calculator

$54,860 per month

30 year fixed, 7.25% Interest

Principal and Interest

$48,844

Property Taxes

$6,016

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 355 Bleecker Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 355 Bleecker Street

Taxable ValueLand$560,250Additions$912,600Total$1,472,850
Home Facts
Total Finished SqFt3,948 SqFtLot Size1,706 SqFtYear Built1900ZoningC1-6APN1006200044

Schools near 355 Bleecker Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 41 Greenwich Village
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Middle 297
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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