The Reel

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A blog for breaking sales and neighborhood real estate news.

A retail property at 70 Seventh Avenue South, located between Commerce and Barrow Streets in Manhattan’s West Village, was sold in an all cash transaction valued at $962,500.  The buyer was an investor who will look to lease out the property.

Located in the Greenwich Village Historic District, this property has 28’6” of frontage along Seventh Avenue South and contains approximately 892 square feet. The property was previously occupied by a print shop, but was delivered vacant at the time of sale. Retail rents in the area have reached upwards of $150 dollars per square foot, catering to a variety of retail uses.

Neighborhoods: Greenwich Village