391 West Street
391 West Street
Sold 2/16/22
Sold 2/16/22
Description
This Five-story, 28-foot-wide Mixed-Use building on the Hudson in the desirable West Village provides endless possibilities. For the investor, it has a retail space with a basement and three "free market" sun-filled apartments, all with eastern and western exposures showcasing amazing Hudson River views. The 2nd and 3rd floors are 1 bedroom/1 bath floor-thru apartments, and the penthouse is a 1 bedroom/1.5 bath duplex with a massive full floor living...Showings require a minimum of 24 hours notice.
This Five-story, 28-foot-wide Mixed-Use building on the Hudson in the desirable West Village provides endless possibilities. For the investor, it has a retail space with a basement and three "free market" sun-filled apartments, all with eastern and western exposures showcasing amazing Hudson River views. The 2nd and 3rd floors are 1 bedroom/1 bath floor-thru apartments, and the penthouse is a 1 bedroom/1.5 bath duplex with a massive full floor living room, office space, eat-in kitchen, and separate dining room. The retail space and all three apartments are currently rented on a month-to-month basis at below market rents. Gross projected market rental income is approximately $240,000 less current expenses $36,510, providing an approximate net income of $203,490 or a cap rate of 4.2%.
This building could also be suitable for a resident owner with income producing apartments, an owner occupied live-work situation or can even be converted to an incredible single-family home.
Built in 1910, the building is in very good condition, meticulously maintained, with updated and renovated finishes. Along the Hudson, it is right near Hudson River Park.
Listing Agents
![Lee Ann Jaffee]()
leeann.jaffee@compass.comP: 917.626.2497
![Steven Sumser]()
steven.sumser@compass.comP: 917.733.9244
Amenities
- River Views
- Park Views
- City Views
- Open Views
- Water Views
- Exposed Brick
- Hardwood Floors
- High Ceilings
Location
Property Details for 391 West Street
| Status | Sold |
|---|---|
| Days on Market | 37 |
| Taxes | $1,418 / month |
| Maintenance | - |
| Min. Down Pymt | 0% |
| Total Rooms | 13.0 |
| Compass Type | Townhouse |
| MLS Type | Multi Family |
| Year Built | 1910 |
| Lot Size | 815 SF / 28' x 29' |
| County | New York County |
Building
391 West St
Location
Building Information for 391 West Street
Payment Calculator
$42,690 per month
30 year fixed, 7.25% Interest
$41,272
$1,418
$0
Property History for 391 West Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 391 West Street
Schools near 391 West Street
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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