Massey Knakal Realty Services has been retained on an exclusive basis to sell a mixed-use building at 285 West 12th Street. The property is located between Eighth Avenue and West 4th Street in Manhattan’s Greenwich Village Historic District. The asking price is $7,950,000.
The five-story building contains approximately 6,648 square feet and sits on a 32’ x 65’ lot. It consists of a lower level retail space, occupied by iconic eatery and cocktail bar The Beatrice Inn, and 11 residential units above, with seven free market, two rent stabilized, one rent controlled, and one which will be delivered vacant. The property benefits from approximately 1,507 square feet of air rights and presents an excellent opportunity for an investor to take advantage of in-place cash flow in one of the most exclusive neighborhoods of Manhattan.
“This property offers significant upside, while providing in-place cash flow in the heart of Greenwich Village,” said Massey Knakal’s James Nelson, who is exclusively marketing this property with David Shalom and Matt Nickerson.
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Neighborhoods: Greenwich Village