54 7th Avenue South

West Village

$12,495,000
Price
5
Beds
4
Baths
1
1/2 Bath
7,270 Sq. Ft.
$1,719 / Sq. Ft.
7,270
Sq. Ft.
$1,719
per Sq. Ft.

Description

Additional Photos, Videos & Set Up Available Upon Request

In 1917, Seventh Avenue was extended South to connect Greenwich Village to lower Manhattan, and to create a widened avenue for the construction of the West Side Inter Rapid Transit Line (IRT). The diagonal extension stretching South from Greenwich Avenue resulted in a vast number of triangular shaped lots that decorate the avenue to this day.
54 Seventh Avenue South is one of the only remaining buildings that survived, and pre-dates this historic
...Additional Photos, Videos & Set Up Available Upon Request

In 1917, Seventh Avenue was extended South to connect Greenwich Village to lower Manhattan, and to create a widened avenue for the construction of the West Side Inter Rapid Transit Line (IRT). The diagonal extension stretching South from Greenwich Avenue resulted in a vast number of triangular shaped lots that decorate the avenue to this day.

54 Seventh Avenue South is one of the only remaining buildings that survived, and pre-dates this historic infrastructure project.

For sale for the first time in nearly three decades, this 3-unit free-market loft building is a rare, and almost fully detached mixed-use property with unbelievable light on 3 sides of the structure, and a 2 car private parking lot.

Setback nearly 20 feet off of the Avenue, the building is situated mid-block on a triangular lot that is located between Bedford, Commerce and Morton Streets. This incredibly private home stretches over 72 feet in length across Seventh Avenue, and has a total of 50 windows.

The new owners have the remarkable opportunity to create a truly one-of-a-kind single-family home with 2 car private parking, and 4 outdoor spaces, or maintain a high income-producing investment property.

With extremely low taxes of just $1,554 a month, this 4-story loft building also offers a traditional front yard, a charming garden, a sprawling rooftop terrace as well as a rear yard. Measuring over 54 feet in height, the residence rises well above the historic Italianate Pure Oil Fueling Station (built 1920), as well as other neighboring townhouses—resulting in sweeping views of Manhattan’s Lower West Side.

Measuring a total of 7,270 interior square feet and 3,535 exterior square feet, the building currently consists of 2 distinct residential units, 1 commercial unit and 4 outdoor spaces. The residential units are free-market and will be delivered vacant. The commercial unit is a high-end fashion designer, and has less than 2 years remaining on its lease.

Unit 3 : 3 BED / 3 BATH Duplex with a Private Rooftop Terrace
Spanning across more than 2,900 interior square feet, plus an additional 1,450+ square feet of private rooftop space, the top 2 floors of the building features 3-4 bedrooms and 3 bathrooms. With light exposures on 3 sides of the home, this stunning space is outfitted with a traditional Japanese Yojohan Tatami room, wood beamed ceilings, original exposed brick, 12ft – 13ft ceilings, a brushed steel staircase, a formal laundry room, a tatami office or additional guest bedroom and spacious entertaining quarters.

The master suite stretches across more than half of the top floor, and features 12 windows, a traditional Japanese Tatami Room, dual walk-in closets and a windowed ensuite bathroom with double sinks, a deep soaking tub, a Japanese washlet toilet and a separate shower. This unit will be delivered vacant.

Unit 2: 2 BED / 1 BATH Full Floor Home
Situated on the 2nd floor of the building is a 2-bedroom / 1-bathroom home that is currently occupied as a free-market rental apartment. The bathroom has been newly renovated, and both bedrooms afford a spacious layout and offer terrific light and sizable closets. This unit will be delivered vacant.

Unit 1: Garden Duplex with Commercial Retail Lease
Encompassing the 1st floor of the building and the basement, the commercial retail space has a separate entrance tucked behind a wooden gate, a kitchenette, an adjacent rear-yard and a powder room. The retail space is currently occupied by a high-end fashion designer with 2 years on their lease remaining.

Architectural Elements & Building Profile

Built in the 1800s, this storied home has a collection of rare architectural aspects and unique characteristics:

- 50 Windows

- 2-Car Private Parking Lot

- Almost a Fully-Detached Building

- 20 ft. Setback off of 7th Avenue

- North, South, West and Eastern Exposures

- 11-13 ft.Beamed Ceilings

- 72 ft. of Unobstructed Frontage on 7th Avenue

- 4 Outdoor Spaces

- Original Exposed Brick

- Traditional Japanese Tatami Room

- Trapezoidal Shaped Building

- Freestanding Clawfoot Tub

- Brushed Steel Staircase

- Triangular Lot

- Rooftop Pergola

Greenwich Village is one of the most historic neighborhoods in Manhattan, which was laid out for residential development in the years following the American Revolutionary War. To this day, Greenwich Village maintains the largest concentration of early and rare New York architecture out of the 5 boroughs. 54 Seventh Avenue South is the only existing building of its kind and from this era available for purchase in the Village.

A full set-up of the property is available upon request.

Amenities

  • Loft Style
  • Primary Ensuite
  • City Views
  • Private Yard
  • Private Roof Deck
  • Fence
  • Common Roof Deck
  • Exposed Brick

Location

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LISTING UPDATED: 06/24/2020 04:10 PM

Property Details for 54 7th Avenue South

StatusTemporarily Off Market
Days on Market-
Taxes$1,554 / month
Maintenance-
Min. Down Pymt-
Total Rooms13.0
Compass TypeSingle Family
MLS Type-
Year Built1877
Lot Size4,400 SF / 43' x 103'
CountyNew York County

Building

54 7th Ave S

3 Units4 StoriesBuilt in 1877

Location

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Building Information for 54 7th Avenue South

Stories4Year Built1877Building Size23.5' x 71'Building Sq. Ft6,674 SFLot Size4,400 SF / 43' x 103'Building AgePre-warBuilding TypeTownhouseSenior Community-

Payment Calculator

$69,744 per month

30 year fixed, 7.25% Interest

Principal and Interest

$68,190

Property Taxes

$1,554

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 54 7th Avenue South

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

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

Public Records for 54 7th Avenue South

Taxable ValueLand$260,400Additions$567,180Total$827,580
Home Facts
Total Finished SqFt5,324 SqFtLot Size3,430 SqFtYear Built1901ZoningC2-6APN1005870036

Schools near 54 7th Avenue South

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. 3 Charrette School
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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