49 West 8th Street, New York, NY, 10011

49 West 8th Street New York, NY 10011

49 West 8th Street, New York, NY, 10011
49 West 8th Street, New York, NY, 10011 49 West 8th Street, New York, NY, 10011 49 West 8th Street, New York, NY, 10011 49 West 8th Street, New York, NY, 10011 49 West 8th Street, New York, NY, 10011 49 West 8th Street, New York, NY, 10011 49 West 8th Street, New York, NY, 10011 49 West 8th Street, New York, NY, 10011
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$4,950,000
Last Verified:
Jul 31, 2023

Highlights

  • • Ability to convert the fair market units from studios to one-bedrooms and can further boost rents through additional cosmetic upgrades
  • • End-user Potential
  • • Prime Greenwich Village Location
  • • Tax Class 2B - limiting property tax increases
  • • A short walk from the 14th Street Station, 9th Street Station, West 4th Street- Washington Square Park Station and Christopher Street Station granting accessibility to the PATH, A, C, E, B, D, F, M and 1 trains

Description

Avison Young has been exclusively engaged by Ownership to offer for sale 49 West Eighth Street (the “Property”), a mixed-use walk-up building in the heart of Greenwich Village. Featuring 23± feet of frontage along West Eighth Street, the five-story building spans 7,817± square feet across six (6) residential units and two (2) retail units. The Property has been under the same ownership for over 40 years.

Greenwich Village - New York

Building Size: 7817sq ft
Lot Size: 0 acres


Documents

49 West 8th Street Flyer.pdf

Map of 49 West 8th Street, New York, NY, 10011

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.