304 Bleecker StNew York, NY 10014

This exceptional West Village mixed-use building presents a compelling investment opportunity. The property boasts 3,965 square feet, including a 1,550 square foot ground floor commercial space currently leased to a global coffee shop chain under a long-term corporate lease extending until 2032. The upper four floors house four recently renovated, high-quality free-market apartments: one two-bedroom, two-bath unit with outdoor space; one one-bedroom unit with outdoor space; one studio with outdoor space; and one two-bedroom, two-bath unit. All apartments feature modern finishes and attract high-paying tenants. The building sits on a 1,659 square foot lot with an additional 1,742 square feet of air rights, offering significant future development potential. Located on Bleecker Street between Grove Street and Seventh Avenue South, the property benefits from high foot traffic, proximity to numerous high-end retail establishments, and excellent public transportation access, being just one block from a subway station and within easy reach of several others. The building's location within the Greenwich Village Historic District ensures long-term protection from new development, maintaining the desirability and high rental rates of the area. The property offers a current NOI of $408,559 and a pro-forma NOI of $427,347, representing a 4.67% cap rate and a pro-forma cap rate of 4.88%, respectively. This is a rare opportunity to acquire a well-positioned, income-producing asset in a highly sought-after New York City neighborhood. The asking price is $8,750,000.