Business for Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10014

Description

Marcus & Millichap is pleased to offer the following opportunity located in the booming Greenwich/West Village neighborhood. 5 Carmine Street is located on the Northwest corner of 6th Avenue and Carmine Street at the intersection of Bleecker, Carmine and 6th Avenue. The property boasts an approximate gross square footage of 10,260, is zoned R7-2, C1-5, and is built 73.25 ft X 51 ft on a 73.25 X 70 ft irregularly shaped lot (Block: 589; Lot: 43) Investment Highlights: • 5 Carmine Street, boasting over 70-feet of frontage, is comprised of 3 commercial units on long term leases with 5 residential apartments above. • 80% Free Market | Tax Class: 2B | Irregular Lot: 73.25' x 70' • Just steps from Bleecker Street, Father Demo Square, and Washington Square Park, this site benefits from unparalleled visibility, heavy foot traffic, and access to A,C,E,B,D,F, and M subway lines.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 4.0% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 68 days. Compare it against other mixed use listings for sale in New York, NY — <a href="/search/sale/mixed-use/new-york/new-york">view the full market</a>.

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