15 Eighth Ave
2,390 SF Vacant Retail Building New York, NY 10014 $4,900,000 ($2,050.21/SF)
INVESTMENT HIGHLIGHTS
- Mint Condition Boutique Mixed-Use Building
- Beautifully Finished Roof Deck
- 1 Commercial Unit and 1 Duplex Residential Unit
- Perfect User + Income Producing Property with In-Place Ground Floor Tenant
- Best In Class West Village Avenue Location
EXECUTIVE SUMMARY
Cushman & Wakefield (“C&W”) has been exclusively retained to offer 15 Eighth Avenue (the “Property”) for sale. 15 Eighth Avenue is a three-story, mixed-use townhome situated on the west side of Eighth Avenue between West 12th Street and Jane Street in the heart of the West Village. The Property is in excellent condition as it has been meticulously maintained by ownership over the years. The offering presents a rare opportunity for an investor or user to acquire a 100% fee simple interest in a stunning brownstone in the heart of Manhattan’s most highly sought-after location.
15 Eighth Avenue is built three (3) stories above grade and includes a built-out basement and renovated roof deck. The Property spans approximately 2,390 square feet above grade and roughly 3,000 square feet gross, including the basement. It is currently comprised of a ground-floor retail tenant, Barachou, as well as an owner’s duplex on floors two and three. Barachou is a French bakery known for their signature cream puffs. 15 Eighth Avenue represents the brand’s second storefront after expanding beyond its first location on the Upper West Side. The bakery occupies 608 square feet on the ground floor plus an additional 500 square feet of basement space. The second and third floors of the Property are combined as a meticulously maintained duplex, spanning approximately 1,600 square feet. The loft-style floorplates contain a kitchen, two fireplaces, and two full bathrooms and offer flexibility for a wide array of future potential layouts. A state-of-the-art internal staircase connects the two floors and leads up to a beautifully finished private roof deck, perfect for alfresco entertaining.
15 Eighth Avenue presents the perfect opportunity for a buyer looking to acquire a building for their own use while benefitting from the in-place income generated from the ground floor retail tenant. The Property’s location in the heart of Manhattan’s most highly sought-after neighborhood, the West Village makes it a truly unique offering. 15 Eighth Avenue is conveniently located just a few blocks from several trains including the 1, 2, 3, A, C, E, & L trains. The Property is also located steps from the charming Abingdon Square Park as well as all the other cultural, culinary, shopping, and nightlife institutions and destinations that the West Village has to offer.
15 Eighth Avenue is built three (3) stories above grade and includes a built-out basement and renovated roof deck. The Property spans approximately 2,390 square feet above grade and roughly 3,000 square feet gross, including the basement. It is currently comprised of a ground-floor retail tenant, Barachou, as well as an owner’s duplex on floors two and three. Barachou is a French bakery known for their signature cream puffs. 15 Eighth Avenue represents the brand’s second storefront after expanding beyond its first location on the Upper West Side. The bakery occupies 608 square feet on the ground floor plus an additional 500 square feet of basement space. The second and third floors of the Property are combined as a meticulously maintained duplex, spanning approximately 1,600 square feet. The loft-style floorplates contain a kitchen, two fireplaces, and two full bathrooms and offer flexibility for a wide array of future potential layouts. A state-of-the-art internal staircase connects the two floors and leads up to a beautifully finished private roof deck, perfect for alfresco entertaining.
15 Eighth Avenue presents the perfect opportunity for a buyer looking to acquire a building for their own use while benefitting from the in-place income generated from the ground floor retail tenant. The Property’s location in the heart of Manhattan’s most highly sought-after neighborhood, the West Village makes it a truly unique offering. 15 Eighth Avenue is conveniently located just a few blocks from several trains including the 1, 2, 3, A, C, E, & L trains. The Property is also located steps from the charming Abingdon Square Park as well as all the other cultural, culinary, shopping, and nightlife institutions and destinations that the West Village has to offer.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,390 SF
Building Class
C
Year Built
1845
Price
$4,900,000
Price Per SF
$2,050.21
Percent Leased
Vacant
Building Height
3 Stories
Building FAR
2.85
Lot Size
0.02 AC
Zoning
C1-6 - Commercial district predominantly residential in character
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0625-0042 | Improvements Assessment | $95,227 |
| Land Assessment | $117,600 | Total Assessment | $130,792 |
CONTACTS
-
Michael Gembecki -
John Ciraulo -
Robert Burton -
Andrew Berry -
Craig Waggner -
Bobby Carrozzo -
Evan Lush -
Jack Stephen -
Charles Gravina -
Cushman & Wakefield
