473 Avenue of the Americas

About this property

Originally built by William Hurry of Abington Square. A 20’ wide property located on 6th Avenue between West 11th and West 12th Streets in the heart of the West Village. The three story brownstone is currently set up with ground floor retail space, occupied by Stevdan Stationers, which has been in business for over 50 years. There are two (2) FM floor-through residential units across floors two and three.

The residential component of the property consists of two (2) expansive floor-through apartments with generous ceilings heights throughout. The second-floor apartment has just been renovated with condo level finishes as a four-bedroom two bathroom with an outdoor terrace in the back. The top floor unit is currently a two-bedroom two bathroom with high ceiling and flooded with light from a skylight. Both units are equipped with washer-dryers.

The demand for larger, open layout apartments has risen tremendously since the onset of the pandemic as many tenants who work from home seek additional space. At the same time, these larger units offer the ability to create numerous bedrooms in a neighborhood where students, young professionals and families alike are drawn. 473 Avenue of the Americas offers strong in-place cashflow with future upside in taking advantage of the additional air rights as well as below market retail rents. This property is an exceptional opportunity for either investors or end users.

Listing Courtesy of David Shalom, Ryan McGuirl