For Sale
$11,500,000

30 8Th Ave New York, NY 10014

Boutique Hotel, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Greenwich Village property, located at 30-32 8th Avenue, presents a unique redevelopment opportunity. The 5,227 square foot, four-story building, constructed in 1841, currently operates as a 12-room boutique hotel with 12 keys. Boasting a nearly 40-foot-wide red brick façade, the property offers outstanding street presence and abundant natural light. The building features architectural details including a grand parlor floor with 12-foot ceilings and large windows, wood-burning fireplaces, and an English basement with backyard access. Breathtaking views of Greenwich Village are visible from the upper floors. An additional 798 square feet of unused air rights provide significant potential for expansion or customization. The property is zoned C1-6 and is situated in a prime location, within walking distance of Chelsea Market, Google, Soho House, the Whitney Museum, the Highline Park, the Meatpacking District, and multiple subway stations. The asking price is $11,500,000, translating to $2,200.11 per square foot. The property can be delivered vacant, allowing for immediate implementation of redevelopment plans. The building consists of two structures. Legal Airbnb operation is possible. This presents a rare chance to acquire a landmark Greenwich Village property with substantial upside potential.

Highlights

  • Prime Greenwich Village redevelopment opportunity: 5,227 SF, four-story building on 8th Avenue.
  • 12-room boutique hotel (12 keys) with a 40-foot-wide red brick façade.
  • Grand parlor floor with 12-foot ceilings, fireplaces, and English basement with backyard access.
  • 798 SF unused air rights, C1-6 zoning.
  • $11,500,000 asking price ($2,200.11/SF), vacant delivery available.

Property Details for 30 8Th Ave

Property type
Hospitality properties, Hotels
Square Feet
5,227 SF
Year Built
1841
Buildings
2
Stories
4

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7378493
Longitude
-74.0042287

FAQs

What type of property is this?
Hospitality property - Boutique Hotel, Redevelopment Opportunity
Where is the hospitality property located?
The property is located at 30 8Th Ave New York, NY.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Prime Greenwich Village redevelopment opportunity: 5,227 SF, four-story building on 8th Avenue.; 12-room boutique hotel (12 keys) with a 40-foot-wide red brick façade.; Grand parlor floor with 12-foot ceilings, fireplaces, and English basement with backyard access.
How can I contact the broker?
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30 8Th Ave
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