Avison Young has been engaged by ownership as exclusive agent to sell 282 Hudson Street (the “Property”), a mixed-use corner building in the Hudson Square submarket of Manhattan. Featuring 75.5 feet of wraparound frontage on the Northeast corner of Hudson and Dominick Streets, the four-story walk-up building encompasses 4,440 total gross square feet across three (3) residential units, a ground floor commercial space and building signage.
All three (3) floor through residential units are free market two-bedrooms. Significant rental increases in the free-market units can be captured effortlessly by maximizing floor plans and implementing cosmetic upgrades. The ground floor commercial space is a formerly a wine bar space with additional basement space. The property generates additional income from a building sign leased to Seen Outdoor Media through April 2036. The property benefits from being in tax class 2A.
Conveniently located in Hudson Square, the property is surrounded by many dining, shopping, entertainment and transportation options. The property is in close proximity to the A & C lines at Spring Street Station two blocks East and the 1 train located 3 blocks South on Canal Street.
282 Hudson Street is ideal for an investor seeking in-place income with additional value add potential in retail and residential rents. Additionally, the property presents tremendous development or assemblage potential in a prime neighborhood of NYC.
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