Description

Christies International Real Estate Group and Reuveni Development Marketing are pleased to present, for the first time in almost 50 years, the opportunity to acquire 311 Avenue of the Americas, a beautiful historic row style apartment house centrally located in the heart of the Greenwich Village Historic District between Carmine Street and Cornelia St. Originally built in 1828 and substantially reconstructed in 1926, the fully occupied property spans approximately 4,540 square feet across four (4) above grade levels and is comprised of three (3) floor-thru residential apartments and one (1) ground-floor retail space with 17+ ft of prominent frontage on Avenue of the Americas. The basement is currently used for retail storage and spans an additional 1350 square feet (apx). There is a 300 SF garden located at the rear of the ground floor retail.311 Avenue of the Americas presents several value-add opportunities for investors. The 100% free market building can be delivered vacant should a purchaser elect, including the under-market retail space which spans approximately 2500 square feet across two floors. The (3) residential apartments have been impeccably maintained and updated, but upside can be attained through additional renovations. This offering presents investors with the opportunity to acquire a prominent, centrally located site in the heart of a beloved, storied, and thriving residential neighborhood that is expected to grow in population and desirability in accordance with major developments on the West Side of Manhattan. The property is classified as protected tax class 2A.311 Avenue of the Americas enjoys direct adjacency to the West 4th St Station (A) (C) (E) (B)(D)(F)(M) trains and is located within one quarter mile of the (1) and Path trains. The property is located directly across from the street from a series of parks including The West Fourth Street Basketball Courts, The Minetta Playground, Minetta Green & Triangle, and Little Red Square. Washington Square Park and New York University are located one (1) block away. The property is within close distance of some of the most prominent institutions and cultural destinations in New York and sits amid a plethora of retail, dining, and entertainment options.