Description

Rare opportunity for investors to acquire a rent-stabilized residence ($1410/mo rent) in one of Manhattan’s most sought-after neighborhoods at an attractive entry point into the West Village market.

This oversized studio boasts soaring 11-foot ceilings, expansive south-facing windows, and picturesque tree-lined views, creating a bright and airy living space. Situated within the landmarked and highly regarded 99 Bank Street, this historic prewar cooperative offers a part-time doorman, live-in superintendent, laundry facilities, and complimentary bike storage.

What makes this investment particularly compelling is the cooperative’s ownership of the building’s retail space, presenting the potential for significantly reduced maintenance costs once the commercial space is re-occupied—an uncommon value-enhancing feature that may benefit shareholders over time.

Perfectly positioned on a charming cobblestone street, residents enjoy immediate access to some of New York City’s finest restaurants, boutiques, and cultural attractions, as well as the Hudson River Greenway, the renowned Abingdon Square Greenmarket directly across the street, the Meatpacking District, the High Line, multiple subway lines (1, 2, 3, A, C, E, and L), and Citi Bike access right outside the building.

Please note: This offering is available exclusively to investors. The apartment is being sold with a tenant in place and is subject to New York City Rent Stabilization Laws.

Listing courtesy of Compass ...
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